the law of supply states that there is a positive relationship between the price and the quantity supplied…

the law of supply states that there is a positive relationship between the price and the quantity supplied. thus, as the price increases, the\na. quantity demanded increases.\nb. demand increases.\nc. quantity supplied by firms increases.\nd. supply increases.\naccording to the law of supply, as the price of the good increases, it causes a\na. movement upward along the supply curve.\nb. shift of the supply curve to the left.\nc. movement downward along the supply curve.\nd. shift of the supply curve to the right.

the law of supply states that there is a positive relationship between the price and the quantity supplied. thus, as the price increases, the\na. quantity demanded increases.\nb. demand increases.\nc. quantity supplied by firms increases.\nd. supply increases.\naccording to the law of supply, as the price of the good increases, it causes a\na. movement upward along the supply curve.\nb. shift of the supply curve to the left.\nc. movement downward along the supply curve.\nd. shift of the supply curve to the right.

Answer

Brief Explanations:

The law of supply states a positive relationship between price and quantity supplied. When price increases, quantity supplied by firms rises as it's more profitable. A change in price causes a movement along the supply - curve, an increase in price leads to an upward movement along the supply curve.

Answer:

  1. C. quantity supplied by firms increases.
  2. A. movement upward along the supply curve.