Question

The law of supply states that there is
a positive

relationship between the price and
the quantity supplied
.
Part 2
​Thus, as the price​ increases, the
A.
supply increases.
B.
quantity demanded increases.
C.
quantity supplied by firms increases.
D.
demand increases.

Answer 1

According to the law of​ supply, as the price of the good​ increases, it causes a
A.
movement upward along the supply curve.
B.
shift of the supply curve to the left.
C.
shift of the supply curve to the right.
D.
movement downward along the supply curve.

Answer 2

C. quantity supplied by firms increases.

Answer 3

A. movement upward along the supply curve.