All else equal,as the price of a product falls,the quantity supplied decreases.

Name: All else equal,as the price of a product falls,the quantity supplied decreases.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the law of supply, there is a direct relationship between price and quantity supplied, meaning that as the price of a product falls, sellers are less willing to supply it, leading to a decrease in the quantity supplied.

All Else Equal,as the Price of a Product Falls,the Quantity