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19. All of the following are determinants of demand except: a. Price Tasics C. Suppis d. Trice of other goods
20. The law of demand states that an increasc in the price of a good: a. Increases the supply of that good b., Decreases the quantity demanded for that good c. Increases the quantity supplied of that good d. Nonc of these answers
21. If an increase in the price of blue icons Icads to an increase in the demand for tennis shoes, then blue jeans and tennis shocs are: a. Complements V4 b. Infcrior goods c. Normal gouds d Substitutes
22. If the value of the price elasticity of demand is 1-0.2, this means that a: a. 20 percent decrease in price causes a 1 percent increase in quantity demanded 0.2 percent decrease in price causes a 1 percent increase in quantity demanded C. 5 percent decrease in price causes al percent increase in quantity demanded 0.2 percent dccrcase in price causes a 0.2 percent increase in quantity demanded D to search e a

Respuesta :

The correct answer is B quantity supplied the number of goods or services that suppliers will produce and sell at a given market price.

Quantity provided in economics refers to the volume of products or services that providers will make and offer for sale at a specific market price. Since price variations affect how much supply producers actually put on the market, the quantity supplied differs from the amount of supply that is really available (i.e., the total supply). The law of supply is related to the fundamental concept of amount delivered. According to the law of supply, supply grows as price rises. For instance, if the price of grapes rises, the amount of grapes given will probably rise as well. The amount of the item or service that the producer is willing to sell at a specific price is the quantity delivered.

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