Multi-choice Question The following is true about the law of supply.Which one is it? Answers Option 1 a.Supply is costant when demand decreases Option 2 As demand increases supply decreases Option 3 When supply increases,demand increases Option 4 Demand does not depend on supply Feedback Wrong Correct Option Wrong Wrong Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question Equilibrium point refers to the point where: Answers Option 1 The supply curve cuts the demand curve Option 2 The demand curve is constant Option 3 All of the above Option 4 Non of the above Feedback Correct Option Wrong Wrong Wrong Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback)