According to the law of supply, other things equal, when the price of a good or service rises, the quantity supplied increases, but supply does not.

Question

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The law of supply states that there is a positive relationship between the price of a good or service and the quantity supplied, assuming other factors are constant. Therefore, an increase in price leads to an increase in quantity supplied, but the supply curve itself does not shift. This is because supply reflects the ability and willingness of sellers to produce and sell a certain quantity at each price level, which does not change in the short run.

According to the Law of Supply, Other Things Equal, When