Question 7(multiple choice worth 3 points)
(06.01 lc)
if the supply of a product increases, then
the price decreases
the price increases
the demand increases
the demand decreases

If the supply of a product increases, then

The price decreases.

Explanation:

The longer a product is in supply the less people are going to buy it, since less people are buying, that means that companies have to lower the price to get consumers to start buying it again.

Hope that answers your question. :)

If the supply of a product increases, then

The price decreases.

Explanation: The longer a product is in supply the fewer people are going to buy it, since fewer people are buying, that means that companies have to lower the price so that customers want to buy there prodcut again!

billygate was not one of the scandals

while it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton.

explanation:

before eli whitney's invention of the cotton gin, picking and cleaning cotton was a slow, labor-intensive job. workers, usually slaves, had to pick the seeds from the cotton fibers by hand. this invention made it possible to grow large amounts of cotton on big farms and make money.