1. How did the economic law of supply and demand increase the wealth of business owners during the Industrial Revolution? a: As mass production lowered the prices of goods, many more consumers bought them, which increased demand.
b: Consumers demanded lower prices as they came to rely or more types of supplies.
c: Mass production led to greater supplies, which meant that more natural resources were needed to meet the demand.
d: Business owners were able to increase profits by lowering their workers' wages but still charging the same price for goods.