82.0k views
4 votes
According to the law of supply, when prices increase, the quantity that supplies create blank?

User Simon Suh
by
7.7k points

1 Answer

1 vote

Increases

When prices increase, suppliers tend to increase the quantity supplied in order to maximize profits. This is because suppliers can receive more money for each additional product produced. As a result, an increase in price leads to an increase in the quantity supplied.

User Brejuro
by
7.0k points