The law of supply indicates thata there is an inverse, Ask an Expert

Economics

The law of supply indicates that:

a. there is an inverse relation between price and quantity supplied.

b. there is a direct relation between price and quantity supplied.

c. there is an inverse relation between the cost of inputs and the quantity supplied.

d. none of the above.

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236269

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question - over the past 50 years the number of hurricanes

Question - Over the past 50 years, the number of hurricanes that have been reported are as follows: 9 times there were 6 hurricanes, 14 times there were 8 hurricanes, 19 times there were 10 hurricanes, and in the remaini ...

Question bricklaying is a labour-intensive activity one hod

Question: Bricklaying is a labour-intensive activity. One Hod carrier can provide mortar for two bricklayers (A Hod carrier is a labourer who carries material for the bricklayer). If the company attempted to increase pro ...

Question the state of florida sold a total of 361 million

Question: The State of Florida sold a total of 36.1 million lottery tickets at $1 each duringthe first week of January 2006. As prize money, a total of $41 million will be distributed($1,952,381 at the beginning of each ...

Question is the us banking system designed to failif not

Question: Is the U.S. banking system designed to fail? If not, why has it been a source of so much instability over the centuries? Why have governments all over the world needed to provide ever-increasing quantities of i ...

Choose five concepts that characterize a price floor

Choose five concepts that characterize a price floor. Maximum legal price set by government Allocative inefficiency arises Minimum legal price set by government Permanent shortage results Price below equilibrium price Pe ...

Question strategic plan amp presentation 200 - this

Question: Strategic Plan & Presentation (200) - This assignment will be covered under separate cover. But in short you will be divided into groups. You should choose an existing growing business to assess based on our 3 ...

Question there are five horseracing tracks in kentucky the

Question: There are five horseracing tracks in Kentucky. The Kentucky legislature allows only one track to be open at a time. a. How will it affect the elasticity of demand for horse racing tickets? b. How does this rest ...

Question if the perfectly competitive firm produces the

Question: If the perfectly competitive firm produces the output at which its marginal cost equals market price, it receives no profit (or a very tiny one) on the last unit it produces. Doesn't it make sense to produce fe ...

Question outline how neoclassical economists derive the law

Question: Outline how neoclassical economists derive the law of demand and then criticize neo- classical consumer/demand theory from a heterodox perspective in light of real world consumer behavior (include Veblen's and ...

Questionnbsp principles of macroeconomicspart b short

Question: Principles of Macroeconomics PART B: SHORT ANSWER QUESTIONS. 1. At a price of $5 per pound, salmon is quite attractive to buyers but not very profitable to sellers. The quantity demanded is 750 pounds, represe ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert