The law of supply demonstrates the behaviors of producers when theya)change their company’s name. b)decide to hire fewer workers. c)supply goods to consumers. d)launch a new marketing campaign.

The correct answer is C.

A supply function provides the quantity of a certain product that suppliers are willing to manufacture at different market price levels. The law of supply states that for higher prices, producers are willing to supply larger quantities as the profit they will earn will be higher. Therefore the function shows the direct relationship between quantities and prices defined by the law of demand.

even though you have attached neither the chart nor the generalizations, i have located them online. the right answer is d, since they are asking you about a generalization. you can only infer from the chart that between 2008 and 2009 the number of employed workers decreased significantly (from over 115 millions to 107 millions approximately), which signals some type of economic crisis.