Question

Which statement best explains the law of supply?

Answer 1

Answer:

The answer is A

Explanation:

The quantity supplied by producers increases as prices rise and decreases as prices fall.

Answer 2

(P.S. - in the future you will get better help when you add the possible answer choices!)

The law of supply states that, all other things equal/consistent) an increase in price will result in an increase in supply.

This is because as the price of a product goes up and up, more and more companies will be willing to sell it. The inverse is also true.. as the price goes down, fewer companies will bother selling the item.