Which of the following is true about the relationship between price and quantity supplied?
A) There is always a direct relationship between price and quantity supplied.
B) There is always an inverse relationship between price and quantity supplied.
C) There is usually a direct relationship between price and quantity supplied.
D) There is usually an inverse relationship between price and quantity supplied.

Question

Quizplus · Accepted Answer

The relationship between price and quantity supplied is usually direct, meaning that as prices increase, suppliers are willing to supply more of the product or service. However, this relationship may not always hold true in certain circumstances, such as when there are supply shortages or when suppliers are unwilling or unable to produce more at higher prices.

Which of the Following Is True About the Relationship Between