a decrease in the price of dashboard cameras will result in\na. a larger quantity of dashboard cameras…
a decrease in the price of dashboard cameras will result in\na. a larger quantity of dashboard cameras supplied.\nb. an increase in the supply of dashboard cameras.\nc. a smaller quantity of dashboard cameras supplied.\nd. a decrease in the demand for dashboard cameras.
Answer
Brief Explanations:
According to the law of supply, there is a positive relationship between price and quantity supplied. A decrease in price leads to a decrease in the quantity supplied of a good, ceteris paribus. Supply is affected by non - price factors, and a change in price causes a movement along the supply curve. Also, a change in price of a good does not directly affect its demand in the context of the law of supply.
Answer:
C. a smaller quantity of dashboard cameras supplied.