Answer:
Explanation:The law of supply is an economic principle that describes the relationship between the price of a good or service and the quantity that producers are willing to supply. The law of supply states that, all other factors being equal, as the price of a good or service increases, the quantity supplied will also increase, and vice versa. This is because higher prices make it more profitable for producers to sell their goods or services, so they will increase production to meet the higher demand. Conversely, lower prices make it less profitable to produce, so producers will decrease their output. This law is one of the fundamental concepts in economics and is important for understanding how markets operate.