the law of supply refers to the: positive relationship between price and quantity supplied. inverse…
the law of supply refers to the: positive relationship between price and quantity supplied. inverse relationship between price and quantity supplied. inverse relationship between price and quantity demanded. positive relationship between price and quantity demanded.
Answer
Brief Explanations:
The law of supply states that, ceteris paribus, as the price of a good or service rises, the quantity supplied rises, and as the price falls, the quantity supplied falls. So it's a positive relationship between price and quantity supplied.
Answer:
positive relationship between price and quantity supplied.