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schweet schweet
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2 months ago

Which of the following statements best represents the law of supply?



▸

Price and quantity supplied are inversely related.



▸

Price and quantity supplied are directly related.



▸

Price and quantity supplied are inversely related, ceteris paribus.



▸

Price and quantity supplied are directly related, ceteris paribus.



▸

Price and supply are directly related, ceteris paribus.

Textbook 
Economics

Economics


Edition: 12th
Author:
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Price and quantity supplied are directly related, ceteris paribus.
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