draw a supply curve on graph paper and label it.\nuse any prices and quantities you wish but make your…

draw a supply curve on graph paper and label it.\nuse any prices and quantities you wish but make your supply curve obey the law of supply.\n\nwhat is the law of supply?\nthe law of supply states that when things remaining the same, the higher the price of a good, the \nand the lower the price of a good, the \n\na. greater is the supply; smaller is the supply\nb. greater is the quantity supplied; smaller is the quantity supplied\nc. smaller is the quantity supplied; greater is the quantity supplied\nd. smaller is the supply; greater is the supply

draw a supply curve on graph paper and label it.\nuse any prices and quantities you wish but make your supply curve obey the law of supply.\n\nwhat is the law of supply?\nthe law of supply states that when things remaining the same, the higher the price of a good, the \nand the lower the price of a good, the \n\na. greater is the supply; smaller is the supply\nb. greater is the quantity supplied; smaller is the quantity supplied\nc. smaller is the quantity supplied; greater is the quantity supplied\nd. smaller is the supply; greater is the supply

Answer

Brief Explanations:

The law of supply states that, ceteris paribus (all else remaining the same), the higher the price of a good, the greater the quantity supplied, and the lower the price of a good, the lower the quantity supplied. This is because producers are more willing to supply a greater quantity at higher prices to earn more profit.

Answer:

B. greater is the quantity supplied; smaller is the quantity supplied