Which of the following provides the best example of the law of supply?

Question

Quizplus · Accepted Answer

The law of supply states that as the price of a good or service increases, the quantity supplied also increases, ceteris paribus. This is because suppliers are typically more willing and able to produce more of a good or service if they can receive a higher price for it. Therefore, choice D is the best example of the law of supply as an increase in price is enticing suppliers to produce more.

Which of the Following Provides the Best Example of the Law