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Cle-Learning Portal irses Repor Academic Departments Which one of the following is not a factor of production? O a. Land It of O b. Labor O c. Scarcity O d. Capital Hisham sees a tablet for sale at the electronics store that he has seen before, but now the price is higher. According to the law of supply, what will happen, assuming all other things remaining the same? it of O a. The demand for tablets will decrease O b. The quantity of tablets supplied will decrease O c. The quantity of tablets supplied will increase . d. The quantity of tablets supplied will not change In a socialistic economy, the problem of what to produce and how to produce is solved through a. Price mechanism It of O b. Public and private sector c. Private individual d. State mechanism