As the price of milk increases,producers are generally willing to sell a larger quantity of milk in the market,other things constant.This represents the law of:

Question

Quizplus · Accepted Answer

The law described in the statement is regarding the behavior of producers as a response to changes in milk prices, which falls under the concept of supply. The law of supply states that as the price of a good increases, the quantity supplied by producers increases, ceteris paribus.

As the Price of Milk Increases,producers Are Generally Willing to Sell