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Question
in the law of supply, price and quantity have a direct relationship, which means as prices go down, quantity supplied goes up. as prices go up, quantity supplied stays the same. as prices go down, quantity supplied stays the same. as prices go up, quantity supplied goes up.
Brief Explanations
The law of supply states that, ceteris paribus (all else being equal), as the price of a good or service increases, the quantity supplied by producers increases, and as the price decreases, the quantity supplied decreases.
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As prices go up, quantity supplied goes up.