Of the following,which is true of the relationship between the quantity of a good supplied and its price?
A) As price increases,the quantity supplied usually decreases.
B) As price increases,the quantity supplied usually increases.
C) As price increases,supply increases.
D) When demand increases,so will supply.
E) They always meet at the point of equilibrium in the market.

Question

Quizplus · Accepted Answer

As price increases, the quantity supplied usually increases because suppliers are willing to produce more of a good when they can sell it at a higher price, which is a fundamental principle of the law of supply.

Of the Following,which Is True of the Relationship Between the Quantity