Question

Select all the correct answers. Which statements are true according to the law of supply? A decrease in demand leads to an increase in supply. A decrease in demand leads to a decrease in supply. An increase in price leads to a decrease in supply. A decrease in price leads to a decrease in supply. An increase in price leads to an increase in supply.

Answer 1

A decrease in demand leads to a decrease in supply

Answer 2

-A decrease in price leads to a decrease in supply.

-An increase in price leads to an increase in supply.

Step-by-step explanation:

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