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Ivenika [448]
3 years ago
8

According to the law of supply, what happens to the quantity that the suppliers create when the prices increase? According to th

e law of supply, when prices increase, the quantity that suppliers create .
Business
2 answers:
iren2701 [21]3 years ago
8 0

Answer:

According to the law of supply The quantity of production or output increases if the prices increase.

Explanation:

The correlation between prices and the quantity produced is direct this means that a positive change in one variable such as price has a positive change in the quantity.

Tems11 [23]3 years ago
3 0

Answer: The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.

Explanation:

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