Question

The Economic Law of Supply is when

A. prices increase and producers make less of a product
B. prices rise and producers make more of a product
C. prices stay the same and producers make more of a product
D. prices decrease and producers make more of a product

Answer 1

A

Step-by-step explanation:

When prices go up, producers produce less because they have to spend more money to buy the supplies to make the product and no producer likes to spend money