The law of supply states that there is a

--- relationship between the price and
the---.

5 answers

The law of supply states that there is a direct relationship between the price and the quantity supplied.
he law of supply states that there is a
positive

relationship between the price and
the quantity supplied
.
Part 2
​Thus, as the price decreases
​,
A.
the demand decreases
.
B.
the quantity produced by firms decreases
.
C.
the quantity demanded decreases
.
D.
the supply decreases
.
B. the quantity produced by firms decreases.
According to the law of​ supply, as the price of the good decreases
​,
it causes
A.
a shift of the supply curve to the right
.
B.
a movement upward

along the supply curve.
C.
a shift of the supply curve to the left
.
D.
a movement downward

along the supply curve.
C. a shift of the supply curve to the left.
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