The law of supply states that, ceteris paribus, there is an inverse relationship between the price of a good and the quantity supplied of the good.

Name: The law of supply states that, ceteris paribus, there is an inverse relationship between the price of a good and the quantity supplied of the good.
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Quizplus · Accepted Answer

The law of supply states that, ceteris paribus, there is a direct relationship between the price of a good and the quantity supplied; as the price increases, the quantity supplied also increases.

The Law of Supply States That, Ceteris Paribus, There Is