What is the relationship between price and quantity supplied?

Question

Quizplus · Accepted Answer

The relationship between price and quantity supplied is positive, or direct, meaning that as the price of a good or service increases, the quantity supplied by producers also increases. This is because producers are incentivized to increase production of goods and services when they can sell them at a higher price, thereby increasing their profits. This is the opposite relationship of that between price and quantity demanded, which is negative, or inverse.

What Is the Relationship Between Price and Quantity Supplied