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Explaining 2. What is the relationship between price and supply?
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41 votes
41 votes
Explaining
2. What is the
relationship between
price and supply?

User Federico Builes
by
3.4k points

2 Answers

13 votes
13 votes
Higher price= higher quantity supplied
Lower price= lower quantity supplied
User Jpfreire
by
2.7k points
17 votes
17 votes

Answer:

that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied—the law of supply.

Step-by-step explanation:

User Aliaksandr Kazlou
by
2.5k points
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