1. what is stated by the law of supply?
a. an increase in price will cause a reduced amount of sales.
b. an increase in quantity sold will allow a decrease in price.
c. an increase in quantity produced will decrease consumer demand.
d. an increase in price will inspire an increase in units supplied

2. which factors affect the price of a smartphone app? select all that apply.
a. price of similar apps
b. price of compatible phones
c. price of offline activities
d. time scarcity among consumers
e. opprotunity cost of consumers

Ablank relationship exists between an employee and a supervisor

Karl marx spent much of his life attempting to describe and understand how capitalism works. in one particularly vivid passage, he described in this way the turbulence he saw as inherent in capitalism: “all that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real condition of life and his relations with his kind.” what sort of relationships did he think his readers had with other people? a. relationships based on social bonds and solidarity b. cultural relationships c. economic relationships d. relationships of community and religion

When discussing comparative and absolute advantage, which best describes specialization? developing expertise in certain types of production limiting the types of goods and services produced targeting specific consumers and retailers producing certain items for specific market segments the answer is: the act of limiting the kinds of goods and services produced