draw a supply curve for sweaters and label it. use any prices and quantities you wish but make your supply…

draw a supply curve for sweaters and label it. use any prices and quantities you wish but make your supply curve obey the law of supply. what is the law of supply? the law of supply states that other things remaining the same, the higher the price of a good, the _______, and the lower the price of a good, the _______. a. greater is the supply; smaller is the supply b. smaller is the supply; greater is the supply c. greater is the quantity supplied; smaller is the quantity supplied d. smaller is the quantity supplied; greater is the quantity supplied

draw a supply curve for sweaters and label it. use any prices and quantities you wish but make your supply curve obey the law of supply. what is the law of supply? the law of supply states that other things remaining the same, the higher the price of a good, the _______, and the lower the price of a good, the _______. a. greater is the supply; smaller is the supply b. smaller is the supply; greater is the supply c. greater is the quantity supplied; smaller is the quantity supplied d. smaller is the quantity supplied; greater is the quantity supplied

Answer

Brief Explanations:

The law of supply states that, ceteris paribus (other things remaining the same), as the price of a good increases, the quantity supplied by producers increases, and as the price of a good decreases, the quantity supplied by producers decreases. This is because producers are more willing and able to supply a greater quantity of a good at higher prices to earn more profit.

Answer:

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