The law of supply states that the quantity supplied of a good and

Name: The law of supply states that the quantity supplied of a good and
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The law of supply states that there is a direct relationship between the price of a good and the quantity supplied - in other words, as the price of a good increases, the quantity supplied will also increase. This is because as the price of a good increases, producers have an increased incentive to produce more of that good in order to earn higher profits.

The Law of Supply States That the Quantity Supplied of a Good