Question

Which situation best illustrates an effect of the law of supply?

a. a theater sells more tickets when income rise across a country

b. a car company sells a lot more cars after it lowers its prices.

c. a restaurant increases the number of items on its menu to attract customers

d. a store stocks more phones when it learns that their selling price has gone up.

Answer 1

d.) As a store sells more phone and increase supply because of increased in sales