Question

According to the law of supply, the higher the price,

a. the more consumers are willing to pay.
b. the larger the quantity produced.
c. the smaller the quantity produced.
d. the more the availability of a good is reduced. please select the best answer from the choices provided a b c d

Answer 1

C.
It could be D. but I'm 80% sure it's C.
If you look at a graph on supply and demand the curve generally states that the higher the price of goods, the lower the quantity.
Hope that helps, google some graphs to further your understanding.
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