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which are the types of economic systems?○ republican, democratic, independent, and green.○ allowance, dependent, credit, and exemption.○ traditional, market, mixed, and command○ welfare, workfare, social service, and charity.question 22 0.16 ptswhat does the law of supply of state?○ as the price of a good or service decreases the supply increases.○ as the price of a good or service increases the supply increases.○ as the price of a good or service stays the same the supply decreases.○ as the price of a good or service increases the supply decreases.
For the first question: The options list political parties, tax terms, welfare programs, and recognized economic systems. Traditional, Market, Mixed, and Command are the standard types of economic systems that define how societies organize production, distribution, and resource allocation.
For the second question: The Law of Supply is a core economic principle that describes a direct positive relationship between the price of a good/service and the quantity supplied by producers, assuming other factors are constant.
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- Traditional, Market, Mixed, and Command
- As the price of a good or service increases the supply increases.