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Assigned as DUE:3 hours Assign. #20.10 Other things equal, when the price of a good rises, the quantity supplied of the good also rises, and when the price falls, the quantity supplied falls as well. This relationship between price and quantity supplied O A is referred to as the law of supply. B applies only to a few goods in the economy. C is represented by a downward-sloping supply curve. O D All of the above are correct. Unanswered A 1/28/2019
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Answer : Option A is correct. This statement shows law of Supply as there is a direct relationship between price and Quantity supplied. Other things being equal, when the price of the good rises, the quantity supplied has been increased where as vica --versa.Downward sloping demand curve is related to decreasing cost industry.

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