What is the law of supply - SS1 Economics Supply – Meaning, Schedules, Curves, Laws Question
What is the law of supply?
A
As the price of a good or service increases, the quantity supplied by producers decreases
B
As the price of a good or service decreases, the quantity supplied by producers increases
C
As the price of a good or service increases, the quantity supplied by producers also increases
D
There is no relationship between price and quantity supplied
Ask EduPadi AI for a Detailed Answer
Correct Option: C
Please share this, thanks:
#SS1 #SS1
Add your answer
No responses