The Law of Supply indicates that

Question

Quizplus · Accepted Answer

The Law of Supply states that there is a positive relationship between the quantity supplied of a good or service and its price, holding all other factors constant. As the price of a good or service increases, suppliers are willing to produce and sell more of it, and as the price decreases, suppliers are willing to produce and sell less of it. This is because higher prices increase the profitability of producing a good, while lower prices decrease it. Therefore, the correct answer is D.

The Law of Supply Indicates That