5 multiple choice 10 points which is true according to the law of supply? if price increases companies will…

5 multiple choice 10 points which is true according to the law of supply? if price increases companies will produce less companies will always maximize output regardless of price willingness to produce is based on time, not price companies are more willing to provide goods and services if the price increases

5 multiple choice 10 points which is true according to the law of supply? if price increases companies will produce less companies will always maximize output regardless of price willingness to produce is based on time, not price companies are more willing to provide goods and services if the price increases

Answer

Brief Explanations:

The law of supply states that, ceteris paribus, as the price of a good or service increases, the quantity supplied by producers increases. This is because higher prices mean higher potential profits, making companies more willing to provide goods and services.

Answer:

D. Companies are more willing to provide goods and services if the price increases