Which statement is not consistent with the law of supply?
A) More of a good will be supplied, the higher the price, other things constant.
B) Less of a good will be supplied, the lower the price, other things constant.
C) Quantity supplied of a good is directly related to the good's price.
D) Quantity supplied of a good is inversely related to the good's price.

Question

Quizplus · Accepted Answer

The law of supply states that the quantity supplied is directly related to the price, meaning as the price increases, the quantity supplied increases, and vice versa. An inverse relationship would contradict this law.

Which Statement Is Not Consistent with the Law of Supply