The relationship between price and quantity supplied is:

Name: The relationship between price and quantity supplied is:
Brand: Quizplus
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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 also increases, and vice versa. This is because producers are more willing to supply more of a good when its price is higher, as it leads to higher revenues.

The Relationship Between Price and Quantity Supplied Is