Question

According to the laws of supply and demand, what will happen to the supply of automobiles if automobile prices rise?
A.
The supply of automobiles will decrease because consumers will buy fewer of them at higher prices.

B.
The supply of automobiles will increase because consumers will buy fewer of them at higher prices.

C.
The supply of automobiles will decrease because consumers will buy more of them at higher prices.

D.
The supply of automobiles will increase because consumers will buy more of them at higher prices.

Answer 1

Answer:

b

Explanation:

The higher the price gets, less comsumers will want to pay for the product. This means there will be more of the product getting produced.

Answer 2

Answer:

The answer would be B.

Explanation: