Question

Give relationship between price and supply​

Answer 1

Economists call this positive relationship between price and quantity supplied—that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied—the law of supply. The law of supply assumes that all other variables that affect supply are held constant.

Answer 2

Answer:

positive relationship between price and quantity supplied that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied the law of supply.