Question:medium

The Law of Supply states that, other things remaining constant:

Show Hint

The supply curve is upward-sloping from left to right, which visually represents this positive relationship between price and quantity supplied.
Updated On: Jul 9, 2026
  • The lower the price, the larger the quantity supplied
  • The higher the price, the larger the quantity supplied
  • The higher the price, the smaller the quantity supplied
  • There is no change in supply with change in price
Show Solution

The Correct Option is B

Solution and Explanation

Was this answer helpful?
0

Top Questions on Economics

Questions Asked in ICAR AIEEA (PG) exam