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
.
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.
,
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.