The law of supply states that, other things constant, there is:

Question

Quizplus · Accepted Answer

The law of supply states that there is a positive relationship between price and quantity supplied, meaning that as the price of a good or service increases, producers are willing to supply more of it to the market. This is because the higher price offers greater incentives for producers to allocate more resources towards producing the good or service, resulting in an increase in quantity supplied.

The Law of Supply States That, Other Things Constant, There