Other things being equal, the relationship between price and quantity supplied is
A) negative.
B) constant.
C) positive.
D) non-existent.

Question

Quizplus · Accepted Answer

The law of supply states that as the price of a good or service increases, the quantity supplied of that good or service also increases. This demonstrates a positive relationship between price and quantity supplied. Conversely, as the price of a good or service decreases, the quantity supplied of that good or service also decreases.

Other Things Being Equal, the Relationship Between Price and Quantity