The law of supply states that, other things equal, when the price of a good falls, the quantity supplied falls as well.

Name: The law of supply states that, other things equal, when the price of a good falls, the quantity supplied falls as well.
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The law of supply indicates that producers are willing to sell more of a good at a higher price than at a lower price, so when the price falls, the quantity supplied typically decreases, assuming other factors remain constant.

The Law of Supply States That, Other Things Equal, When