Question

the law of supply states that as prices decrease, suppliers will supply ____________ quantity. a greater a lower no the same 04 multiple choice 0 / 1 if a good is referred to as a substitute for another good, what does that mean? it means that consumers see the two goods as essentially the same. they are interchangeable. it means that the two goods are commonly bought together. it means that the two goods are the exact same. it means that the two goods are sold together.

Explanation:

The law of supply shows a positive relationship between price and quantity supplied. When prices decrease, suppliers are less willing to supply, so they supply a lower quantity. For substitute goods, consumers can use one in place of the other, meaning they are interchangeable.

Answer:

1. B. a lower
2. A. It means that consumers see the two goods as essentially the same. They are interchangeable.