Question

which of the following is true for the law of supply?
a. sellers increase the quantity of a good supplied as price increases.
b. price decreases as more units are supplied.
c. a decrease in price results from more demand.
d. buyers decrease the quantity of a good purchased as price increases.

Explanation:

The law of supply describes the direct relationship between the price of a good and the quantity sellers are willing to supply. When price rises, sellers have an incentive to supply more to maximize revenue. Option b reverses this relationship, option c relates to demand-price dynamics, and option d describes the law of demand, not supply.

Answer:

a. Sellers increase the quantity of a good supplied as price increases.