What is the relationship between the price of a product and the quantity supplied? (1 point)
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OPrice and quantity supplied move in the same direction, as price decreases, quantity supplied decreases and
as price increases, quantity supplied increases
OPrice and quantity supplied move in the opposite direction, as price increases, quantity supplied decreases
and as price decreases, quantity supplied increases.
O There is no relationship between the price of a product and the quantity supplied.
OPrice and quantity supplied share an inverse relationship, as price increases, quantity supplied decreases
and as price decreases, quantity supplied increases.