Which of the following indicates that the law of supply applies to makers of soda?

A) An increase in the price of a soda leads to an increase in the quantity of soda supplied.
B) An increase in the price of a soda leads to an increase in the supply of soda.
C) An increase in the price of a soda leads to an increase in the demand for soda.
D) A decrease in the price of a soda leads to an increase in the quantity of soda demanded.
E) A decrease in the price of a soda leads to an increase in the supply of soda.

A

Economics

You might also like to view...

Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.  Figure 9.3Refer to Figure 9.3. This firm's short-run supply curve is the firm?s

A. marginal cost curve above Point D. B. AVC curve to the right of Point B. C. marginal cost curve above Point B. D. marginal cost curve above Point A.

Economics

Which of the following would lead to an increase in the demand for computer software?

a. A decrease in the price of computer software. b. A decrease in the price of personal computers. c. An decrease in the cost of producing computer software. d. An decrease in personal income.

Economics