Question

Law of Supply Quick Check%0D%0A5 of 55 of 5 Items%0D%0A%0D%0AQuestion%0D%0AWhat is the relationship between the price of a product and the quantity supplied?(1 point)%0D%0AResponses%0D%0A%0D%0AThere is no relationship between the price of a product and the quantity supplied. %0D%0AThere is no relationship between the price of a product and the quantity supplied. %0D%0A%0D%0APrice and quantity supplied move in the same direction; as price decreases, quantity supplied decreases and as price increases, quantity supplied increases.%0D%0APrice and quantity supplied move in the same direction; as price decreases, quantity supplied decreases and as price increases, quantity supplied increases.%0D%0A%0D%0APrice and quantity supplied move in the opposite direction; as price increases, quantity supplied decreases and as price decreases, quantity supplied increases. %0D%0APrice and quantity supplied move in the opposite direction; as price increases, quantity supplied decreases and as price decreases, quantity supplied increases. %0D%0A%0D%0APrice and quantity supplied share an inverse relationship; as price increases, quantity supplied decreases and as price decreases, quantity supplied increases.

Answer 1

Price and quantity supplied share an inverse relationship; as price increases, quantity supplied decreases and as price decreases, quantity supplied increases.