Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?
Correct answer: D. Law of supply
- A. Say's law
- B. Keynes theory of supply
- C. NoneAccess Government Careers
- D. Law of supply
Explanation
The law of supply states that, other things remaining constant, quantity supplied rises when price rises and falls when price falls. Say's law concerns the relationship between production and markets, not this direct price-supply relationship.
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