According to the law of supply, price and quantity supplied are inversely related, ceteris paribus. a) True b) False. False The law of supply states that the ...

The law of supply is the opposite of the law of demand. The law of demand states that the price and quantity supplied are inversely related.

The law of supply states that price of a good and quantity supplied of that good is directly related. In means higher quantity would be supplied on higher ...

28 нояб. 2023 г. · The law of supply states that there is a direct relationship between price and quantity supplied, with all other factors being constant.

6 февр. 2018 г. · The law of supply states that: a. price and quantity supplied are inversely related, ceteris paribus. b. price and quantity supplied are directly related: ...

According to the law of supply and demand, the price of a good is inversely related to the quantity demanded. This makes sense for many goods, since the ...

The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a lower quantity supplied.

The answer is: c) The Law of Supply states that, other things constant, there is direct (positive) relationship between price and the quantity supplied.

Thus the law of supply acts as a bridge between the supply of a commodity and its price.

The law of supply states that the quantity supplied will increase as the price of that product increases.