question 8 · 1 point the law of supply is illustrated by: select the correct answer below: the downward…
question 8 · 1 point the law of supply is illustrated by: select the correct answer below: the downward slope of the supply curve the upward slope of the supply curve a perfectly horizontal supply curve the point of intersection of the supply curve and the demand curve
Answer
Brief Explanations:
The law of supply states that, ceteris paribus, as the price of a good or service increases, the quantity supplied increases, resulting in an upward - sloping supply curve.
Answer:
the upward slope of the supply curve