"Other things equal,when the price of a good rises,the quantity supplied of the good rises also." This is a statement of the law of

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This statement is a clear statement of the law of supply, which states that as the price of a good increases, the quantity supplied of the good also increases. This is due to the fact that suppliers are willing to supply more of a good at higher prices in order to increase their profits. The other options, increasing costs and diminishing returns, are related to production and not directly related to changes in price. Supply and demand are related concepts, but this statement specifically refers to the law of supply.

"Other Things Equal,when the Price of a Good Rises,the Quantity