How did the economic law of supply and demand increase the wealth of business owners during the Industrial Revolution? 1. As mass production lowered the prices of goods, many more consumers bought them, which increased demand.

2. Mass production led to greater supplies, which meant that more natural resources were needed to meet the demand.

3. Consumers demanded lower prices as they came to rely or more types of supplies.

4. Business owners were able to increase profits by lowering their workers' wages but still charging the same price for goods.