The fact that a fall in the price of a good results in a decrease in the quantity of the good supplied illustrates Select one: A. the law of demand. B. the law of supply. C. the nature of an inferior good. technological improvement. D. O E. a change in supply.

The fact that a fall in the price of a good results in a decrease in the quantity of the good supplied illustrates Select one: A. the law of demand. B. the law of supply. C. the nature of an inferior good. technological improvement. D. O E. a change in supply.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The fact that a fall in the price of a good results in a decrease in the quantity of the good supplied illustrates
Select one:
A. the law of demand.
B. the law of supply.
C. the nature of an inferior good.
D. technological improvement.
O E. a change in supply.

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