Question

help me with this lol

Answer 1

I'm thinking D based on the questions and the definitions I read online.


Definition of 'Law Of Supply'
A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services offered by suppliers increases and vice versa.

Read more: http://www.investopedia.com/terms/l/lawofsupply.asp#ixzz1nAxm14f0

Definition of 'Law Of Demand'

A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease and vice versa.


Read more: http://www.investopedia.com/terms/l/lawofdemand.asp#ixzz1nAyFyAI9