According to the law of supply, when the price of a good increases, producers want to produce more of the good. Therefore, as the two variables change in the ...

The given statement is false. Law of supply states that the relationship between price and quantity supplied of a good is positive.

Оценка 5,0 (1) The law of supply states that, other things remaining the same, the higher the price of a good, the greater is the quantity supplied.

The law of supply relationship is direct, not inverse. The higher the price, the higher the quantity supplied. Lower prices mean reduced supply all else being ...

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.

15 апр. 2024 г. · The law of supply states there is a positive relationship between price and the quantity supplied by sellers, not demanded by consumers.

The law of supply states that other factors remaining constant, the quantity of a good produced and offered for sale would increase with an increase in its ...

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.

... price; the relationship between the price and the quantity demanded is known as the demand ratio. Supply represents how much the market can supply. The ...