What is suggested when we say that there is a positive relationship between price and quantity supplied of a good?
A) As price goes up, quantity supplied falls.
B) As price goes up, supply rises.
C) As price falls, quantity supplied falls.
D) As price falls, supply falls.

Question

Quizplus · Accepted Answer

A positive relationship between price and quantity supplied means that as the price of a good increases, the quantity supplied also increases, and as the price decreases, the quantity supplied decreases.

What Is Suggested When We Say That There Is a Positive