-Refer to the above figure. Which panel demonstrates the law of supply?
A) Panel A
B) Panel B
C) Panel C
D) Panel D

Name: -Refer to the above figure. Which panel demonstrates the law of supply? A) Panel A B) Panel B C) Panel C D) Panel D
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Question

-Refer to the above figure. Which panel demonstrates the law of supply?
A) Panel A 
B) Panel B 
C) Panel C 
D) Panel D

Quizplus · Accepted Answer

Panel B demonstrates the law of supply, which states that as the price of a good or service increases, the quantity supplied of that good or service also increases, assuming all other factors are held constant. This is represented by an upward-sloping supply curve.

-Refer to the Above Figure