The law of supply states that, other things equal, when the price of a good rises, the quantity supplied of the good falls.

Name: The law of supply states that, other things equal, when the price of a good rises, the quantity supplied of the good falls.
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Quizplus · Accepted Answer

The law of supply actually states that, other things being equal, when the price of a good rises, the quantity supplied of the good also rises.

The Law of Supply States That, Other Things Equal, When