According to the law of supply, the quantity supplied is _____ related to price, other things constant.

Question

Quizplus · Accepted Answer

The law of supply states that the quantity supplied is directly related to price, meaning that an increase in price will lead to an increase in the quantity supplied, and a decrease in price will lead to a decrease in the quantity supplied. This relationship holds constant as long as other factors such as production costs, technology, and resource availability remain the same.

According to the Law of Supply, the Quantity Supplied Is