Question

According to the law of supply, price and quantity move

O along a track in the same direction.
O along a track in opposite directions.
O from different points toward one another.
O from the same point away from one another.

Answer 1

A along the track in the same direction.

Step-by-step explanation:

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Answer 2

along a track in the same direction.

Step-by-step explanation:

The price and the quantity will move along a track in the same direction. According to the law of supply, the increase in the price of the commodity leads to the increase in the supply of the commodity and vice versa when other factors are constant. This law illustrates the direct relationship that exists between the price of the commodity and the quantity supplied.