According to the law of supply:
A) there is a direct relationship between price and the quantity supplied.
B) there is an inverse relationship between price and the quantity supplied.
C) there is a direct relationship between price and quantity demanded.
D) there is an inverse relationship between price and quantity demanded.

Question

Quizplus · Accepted Answer

The law of supply states that there is a direct relationship between the price of a good or service and the amount of it that suppliers are willing to produce and sell. As prices increase, suppliers are willing to produce more, and as prices decrease, they are willing to produce less.

According to the Law of Supply