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The supply of consumer demand

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13y ago

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Which relationship is the BEST example of the Law of Supply?

The quantity of a good supplied rises as the price rises.


What is an example that displays the law of supply?

An example of the Law of Supply is: The price of an object increased, so the quantity supplied of that object also increased.


Which is the best example of the law of supply?

A sandwich shop increases the number of sandwiches it supplies every day when the prices is increased.


What best explains why the law of supply and demand has an effect on labor market?

In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity


What law does this example help to prove Study Island?

The example provided helps demonstrate the law of supply and demand. By showing how changes in the quantity demanded or supplied of a product can be influenced by factors such as price, the example illustrates the basic principles behind this economic law.


Law of demand and supply?

Consumers is the law of supply and demand.


What According to the law of supply and demand when supply increases what else happens?

According to the law of supply and demand when supply increases, prices will decrease.


Which of the following best defines the law of supply?

As the price of a good rises, the amount of the good supplied rises.


When according to the law of supply and demand when supply increases what else happens?

According to the law of supply and demand when supply increases, prices will decrease.


Where can one find information regarding the law of supply?

The law of supply is a fundamental principle of economic theory. One can find information about the law of supply on various websites like Wikipedia and Investopedia. These sites provide a lot of information regarding the law of supply.


What is the best example of predictive validity?

A person who does well on the law school admissions test does well in law school.


What is a example of law in science?

"Laws" are just quick descriptions of various theories - as an example try the "squared/cubed law". As you double in size you get four as strong but nine times as heavy.