qdigna77 qdigna77

07-06-2024
Social Studies

Answered

2
3
5
The law of
A. supply
states that price and quantity supplied move in the same direction.
B.
economics
C. capitalism
D. demand
Please select the best answer from the choices provided
OO
ABCD

Answer :

GinnyAnswer GinnyAnswer

07-06-2024

Final answer:

The law of supply in economics shows a positive relationship between price and quantity supplied.

Explanation:

The law of supply states that there is a positive relationship between the quantity that suppliers are willing to sell and the price level. As the market price of a good increases, suppliers of the good will typically seek to increase the quantity supplied to the market. This relationship is depicted by an upward sloping supply curve in economics.

Learn more about Law of Supply here:

https://brainly.com/question/17805586

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