Question

Directions: Provide a concise and a brief statement to support your answer
1. An increase in the price of inputs leads to a decrease in supply.
Student's
explanation:
2. If there are more producers in the market, there will be a larger supply of
products/services
Student's
explanation:
3. The increase in the level of production technology will increase supply
Student's
explanation:
4. Substitute goods are typically consumed together
Student's
explanation:
5. When income rises, the demand for the product will increase, when income
falls, the demand for the product will decrease
Student's
explanation:​

Answer 1

Answer:

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