What is the relationship between price and quantity supplied is positive or negative

Answer 1

The relationship between price and quantity supplied is generally positive, meaning that as the price of a good or service increases, the quantity supplied by producers also increases. This positive relationship is commonly referred to as the law of supply. Producers are more willing and able to supply larger quantities of a good or service when the price is higher as it allows them to generate higher revenues and potentially achieve higher profits. Alternatively, when the price decreases, the quantity supplied tends to decrease as producers find it less profitable to supply larger quantities at lower prices.