The law of supply claims that sellers will increase their supply of a good if:
A. the demand for the good goes down.
B. the price of the good goes down.
C. the demand for the good goes up.
D. the price of the good goes up.

The law of supply states that sellers will increase their supply of a good if the price of the good increases. This principle is based on the idea that higher prices can incentivize greater production to maximize revenue. Therefore, the correct option is D, indicating that an increase in price leads to an increase in supply. ;

Answered by GinnyAnswer | 2025-07-03

The law of supply states that sellers will increase their supply of a good if the price of that good goes up. This is driven by the potential for higher revenue at higher prices. The correct option is D.
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Answered by Anonymous | 2025-07-04