Question

According to the​ text, firms encounter rising costs when they attempt to produce more in the same time period. As a​ consequence, they must be offered a higher price to be willing to incur these higher costs. The resulting relationship between price and quantity supplied is
Part 2
A.
direct​ (or positive) and is called the law of supply.
B.
direct​ (or positive) and is called the law of demand.
C.
inverse​ (or negative) and is called the law of supply.
D.
direct​ (or positive) and is called the law of human nature.

Answer 1

A. direct​ (or positive) and is called the law of supply.