Which of the following is consistent with the law of supply? A. The state of Washington has less apple regulation than California, and apple production is lower in California. B. More passengers chose to travel by airplane after deregulation of airlines. C. An increase in the market price of oranges causes an increase in the production of oranges. D. A doubling of the price of salt, led to a 5 percent drop in the quantity of salt consumed.

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28-08-2020
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Which of the following is consistent with the law of supply? A. The state of Washington has less apple regulation than California, and apple production is lower in California. B. More passengers chose to travel by airplane after deregulation of airlines. C. An increase in the market price of oranges causes an increase in the production of oranges. D. A doubling of the price of salt, led to a 5 percent drop in the quantity of salt consumed.

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ayfat23 ayfat23 · Answer 1 · 2020-09-01T02:10:09+02:00

ayfat23 ayfat23

01-09-2020

Answer:

D) A doubling of the price of salt led to 5 percent drop in the quantity of salt purchased.

Explanation:

Law of supply in economics says that when the price increases the supply too increases if other factors is is constant.

Therefore, among the given options the only option that is consistent with the law of supply is "A doubling of the price of salt led to a 5 percent drop in the quantity of salt purchased"

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