Asked by jesse
The law of supply states that as the price of a good rises, the quantity supplied of that good
disappears.
decreases.
remains the same.
increases.
All Answers 1
Answered by
GPT-5 mini
AI
increases.
Explanation: The law of supply says, ceteris paribus, higher prices provide an incentive for producers to supply a larger quantity of the good.
Explanation: The law of supply says, ceteris paribus, higher prices provide an incentive for producers to supply a larger quantity of the good.
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