Question

1. The law of supply states that as the price of a good declines, the quantity supplied of that good

remains the same.
decreases.
increases.
disappears

2. The graph shows a point of equilibrium.



2. What is the price at which equilibrium is achieved?

$8
$9
$10
$30

3. What is one cause of scarcity?

an abundance of resources
limited resources
renewable resources
a choice of resources

Answer 1

number 2 i believe its 10$
hope this helps
ok 10$ is wrong try 9$

Answer 2

1. Decreases

As the profit of a certain good starts to decline the good stops being produced.

2. $9

The point of equilibirum is where price meets supply.

3. Limited resources

As its name stablishes it, scarcity is caused by limited resources to produce some good.