Question

1. how did the economic law of supply and demand increase the wealth of business owners during the industrial revolution?

as mass production lowered the prices of goods, many more consumers bought them, which increased demand.
mass production led to greater supplies, which meant that more natural resources were needed to meet the demand.
consumers demanded lower prices as they came to rely or more types of supplies.
business owners were able to increase profits by lowering their workers wages but still charging the same price for goods.

Explanation:

The law of supply and demand links price, quantity supplied/demanded, and profits. Mass production (a key Industrial Revolution feature) lowered per-unit production costs, allowing businesses to drop prices. Lower prices attracted far more consumers, increasing overall demand and total revenue, even with smaller per-item profits. The other options either do not directly connect to increasing business owners' wealth (the second focuses on resource needs, the third on consumer price demands without profit impact) or describe an unethical practice not tied to the supply-demand law itself.

Answer:

As mass production lowered the prices of goods, many more consumers bought them, which increased demand.