the relationship between price and quantity supplied is positive or negative

Answer 1

The relationship between price and quantity supplied is generally positive or direct. This means that as the price of a good or service increases, the quantity supplied by producers also increases. Conversely, as the price decreases, the quantity supplied tends to decrease as well. This positive relationship is described by the law of supply, which states that there is a direct relationship between price and quantity supplied, assuming other factors remain constant.