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Economics
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The law of supply indicates that

a. there is an inverse relationship between price and quantity supplied.
b. there is a direct relationship between price and quantity supplied.
c. there is an inverse relationship between the cost of inputs and the quantity supplied.
d. none of the above.

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Yusra Anees
Yusra AneesLv10
1 Jan 2021
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Related questions

Which of the following is true of the relationship between price and quantity supplied?
a. there is always an inverse relationship.
b. more is supplied at lower prices.
c. there is a direct relationship between price and quantity supplied.
d. producers work harder and sell more when the price decreases.
e. it is always true that a higher price leads to a decrease in quantity supplied.
which of the following is true about the relationship between price and quantity supplied?
Ā 
A) there is always an inverse relationship.
B) more is supplied at lower prices.
C) there is a direct relationship between price and quantity supplied.
D) producers work harder and sell more when the price decreases.
E) it is always true that a higher price leads to a decrease in quantity supplied.

A vertical supply curve represents:

a. an inverse relationship between price and quantity supplied.

b. an independent relationship between price and quantity supplied.

c. an independent relationship between price and supply.

d. a direct relationship between price and quantity supplied.

e. a direct relationship between price and supply.

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