Question

What does the law of supply state?

Answer 1

Answer:

When the price is higher, the quantity supplied is higher is the correct answer.

Step-by-step explanation:

law of supply state that When the price is higher, the quantity supplied is higher.

which means that a rise in cost results in the rise in the quantity supply.

when the cost paid by consumers for good increases, then the suppliers raise the quantity of the good in a market.

Thus the law of supply says that If the price is higher it will result in a higher supply of quantity.

Answer 2

The law of supply states that when the price of goods or services are higher, the quantity will be higher, so, your answer is


When the price is higher, the quantity supplied is higher.