Question

economic lowdown audio series—supply
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the law of supply states that:
as price of a good or service increases, the quantity of that good or service supplied increases.
as price of a good or service increases, the quantity of that good or service supplied decreases.
as the supply of a good or service increases, the demand for that good or service decreases.
as the supply of a good or service decreases, the demand for that good or service increases.

Explanation:

The law of supply in economics states a positive - relationship between price and quantity supplied. When the price of a good or service rises, producers are more willing and able to supply more of it to the market to earn higher profits.

Answer:

As price of a good or service increases, the quantity of that good or service supplied increases.