AP Macroeconomics 1.5: Economic Choices
Apply marginal benefit and marginal cost to choose the quantity that maximizes net benefit.
- Syllabus
- Effective Fall 2025
- Course
- AP Macroeconomics
MKT-2.C—a. Define (using graphs as appropriate) the law of supply. b. Explain (using graphs as appropriate) the relationship between the… question 1
[Maximum number: 1]
Which of the following best illustrates the law of supply?
A
A farmer grows more com when the price of com rises.
B
A moving company lays off five workers because of a slowdown in sales.
C
A grocery store increases prices because of higher production costs.
D
A bookstore begins a new advertising campaign to attract more customers.
E
A government collects more in sales taxes because of an increase in consumption spending.
A
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