As the price of a product rises,the quantity supplied increases.

Name: As the price of a product rises,the quantity supplied increases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement follows the law of supply, which states that as the price of a good or service increases, the quantity supplied also increases. This is because producers are motivated to supply more of the product at higher prices in order to increase their profits.

As the Price of a Product Rises,the Quantity Supplied Increases