the law of supply states that\na the supply of a product is not affected by its price.\nb when the supply of…

the law of supply states that\na the supply of a product is not affected by its price.\nb when the supply of a product decreases, the price of the product falls.\nc when the supply of a product increases, the price of the product rises.\nd the quantity supplied of a product will increase when the price of that product increases.\ne the quantity supplied of a product will increase when the price of that product decreases.

the law of supply states that\na the supply of a product is not affected by its price.\nb when the supply of a product decreases, the price of the product falls.\nc when the supply of a product increases, the price of the product rises.\nd the quantity supplied of a product will increase when the price of that product increases.\ne the quantity supplied of a product will increase when the price of that product decreases.

Answer

Brief Explanations:

The law of supply states that, ceteris paribus, the quantity supplied of a good rises when the price of the good rises and falls when the price of the good falls. This is a fundamental concept in economics.

Answer:

E. the quantity supplied of a product will increase when the price of that product increases