The law of supply states that there is
a positive
relationship between the price and
the quantity supplied
.
Part 2
Thus, as the price increases, the
A.
supply increases.
B.
quantity demanded increases.
C.
quantity supplied by firms increases.
D.
demand increases.
C. quantity supplied by firms increases.
According to the law of supply, as the price of the good increases, it causes a
A.
movement upward along the supply curve.
B.
shift of the supply curve to the left.
C.
shift of the supply curve to the right.
D.
movement downward along the supply curve.