16
QuizMultiple Choice

The Law of Supply

Question 16 • RAIL NCAA OC Economics 2027

All things being equal, when producers sell goods for a lower price, they make

Answer
A
more money.
B
the same amount of money.
C
less money.
D
as much money as the law allows.

Explanation

With the number of goods sold and other factors unchanged, a lower price means producers receive less money for each good. Their total revenue therefore falls, so they make less money. The correct choice is “less money.”

AI-written and checked against the verified answer.

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