Question

8. According to the Law of Supply, how will a producer react to a price

decrease? *
A. They will produce that good in higher quantity.
B.They will continue to produce that good in the same quantity.
C.They will produce less of the original good and more of a good's substitute.
D. They will produce that good in a lower quantity.

Answer 1

C. They will produce less of the original good and more in the same quantity.