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Which statement best describes the relationship between price and quantity supplied?

A.)When prices increase, quantity supplied increases.
B.) When prices increase, quantity supplied stays the same.
C.)When prices decrease, quantity supplied increases.
D.) When prices decrease, quantity supplied stays the same.

Respuesta :

LifeGoals22

Answer: The correct answer:

A. When prices increase, quantity supplied increases.

Explanation:

Law of supply

jayilych4real

The statement that best describes the relationship between price and quantity supplied is A. When prices increase, the quantity supplied increases.

What is Price?

This refers to the attached value to a particular product or service that can be bought or purchased for.

Hence, we can see that based on the economic principle of price and quantities supplied, we can note that when prices increase, the quantity supplied increases and this is because of demand and supply.

Read more about price here:

https://brainly.com/question/1153322

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