There is a positive relationship between price and quantity supplied.

Name: There is a positive relationship between price and quantity supplied.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

According to the law of supply, as the price of a good or service increases, the quantity supplied also increases. This is due to the fact that suppliers are willing to offer more of a good or service at higher prices, resulting in a positive relationship between price and quantity supplied.

There Is a Positive Relationship Between Price and Quantity Supplied