History, 12.01.2021 01:50, Ashley606hernandez

1. How did the economic law of supply and demand increase the wealth of business owners during the Industrial Revolution? a: As mass production lowered the prices of goods, many more consumers bought them, which increased demand.
b: Consumers demanded lower prices as they came to rely or more types of supplies.
c: Mass production led to greater supplies, which meant that more natural resources were needed to meet the demand.
d: Business owners were able to increase profits by lowering their workers' wages but still charging the same price for goods.

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1. How did the economic law of supply and demand increase the wealth of business owners during the I...