The law of supply states that there is a positive relationship between the price of a good and the quantity supplied (supply curves representing the price and quantity demanded). From a business owners standpoint, if I was wanting to sell more of a good, I would want to lower the price. This doesnt make sense to me. In my head more quantity should mean lower price.

Q: The law which states the positive relationships between price and quantity supplied is known as…

A: Price and quantity supplied have a direct link between then. This means if price rise then the…

Q: Explain the factors that could shift the demand curve and the supply curve

A: The demand (dd) for a commodity shows the quantity that the consumers desire to purchase at the…

Q: (Supply) What is the law of supply? Give an example of how you have observed the law of supply at…

A: In economics, the idea of supply is complicated, with several mathematical formulas, practical…

Q: The law of supply states that, ceteris paribus, there is an inverse relationship between the price…

A: Supply curve shows the association between the price of commodity and quantity of the commodity that…

Q: what happens when demand increases and what effect it has of supply

A: Demand and supply are the two marker forces that regulate the free market. Demand is the ability and…

Q: What are the results of “changes in price”? How does this differ from “changes in demand”?

A: The willingness of a consumer to purchase goods and services at a certain price is known as demand.

Q: Which of the following would cause the supply curve to shift to the right? An increase in the price…

A: The law of states that as the price of the product rises then quantity falls and as the price of a…

Q: The law of supply states that all other things remaining the same:

A: Demand and supply are important for the market. Demand is the desire of a particular consumer to buy…

Q: Distinguish between the change in the quantity supplied and the change in the supply

A:

Q: When economists say the quantity supplied of a product has decreased, they mean the supply curve has…

A: Supply Curve: It is the graphical object showing the relationship between the price of a good and…

Q: What are the supply schedule and the supply curve, and how are they related? Why does the supply…

A: Supply Schedule is a tabulated representation of prices and quantity supplied by the individual firm…

Q: What effect do supply and demand have on the price of a good or service? How do the costs of doing…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: What happens to the supply curve if quantity supplied falls

A: Supply curve is the notation of relationship between price and quantity supplied. It is positively…

Q: Give one reason for decrease in supply of a good

A: Decrease in supply depicts change in "supply" and not quantity supplied. The decrease in supply is…

Q: In 2008, the price of corn increased by 35 percent and some cotton farmers in Texas stopped growing…

A: Law of supply states a positive relation between price and quantity supplied.

Q: Could you explain the law of supply to me

A: The law of supply shows a positive relationship between the price and the quantity supplied of a…

Q: The price of a good will tend to fall when there is excess demand for the good. there is excess…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: What is the law of supply? How many of the following "goods" do you think conform to the general law…

A: Hi! Thank you for the question but as per the guidelines, we only answer the first three sub-parts…

Q: When the price of a haircut goes down, in what direction does the quantity supplied move on the…

A: Change in price will cause movement along the supply curve and it cause. expansion or contraction of…

Q: The Law of supply states that other things remaining the same_________ a. There is a direct…

A: The answer is -  a. There is a direct relationship between price and quantity supplied. The Law of…

Q: why does the supply curve shift

A: In the event that costs fall, more can be delivered, and the supply curve will move to one side. Any…

Q: According to the Law of Supply, when the price of a good increases, its quantity supplied increases.…

A: In any market, equilibrium corresponds to demand being equal to supply.

Q: According to the law of supply, more of a good is desired by consumers as the price falls. less of a…

A: As per the law of supply, there is direct relationship between the price and quantity supplied of a…

Q: Does a change in price lead to movement along the demand curve or to a shift in the demand curve?…

A: Demand curve(DD) shows the relationship b/w the quantity demanded(Qd) and the price(P) of a good.…

Q: Do you agree with the following statement? "An increase in price causes a decrease in demand".…

A: The  соrreсt  орtiоn  is  (аgree). I  аgree  with  the  stаtement  thаt,  Аn  inсreаse  in  рriсe…

Q: Sometimes the demand may be abnormal, meaning that the law of demand does not apply to the…

A: According to the law of demand, other things being equal, if there is an increase in the price of…

Q: DRAW THE LAW OF SUPPLY CURVE AND NAME THE FOUR THINGS THAT SHIFTS THE CURVE TO THE RIGHT-

A: Supply curve had a direct relationship with price and quantity supplied

Q: The law of demand gives the relationship between price and quantity supplied True/False

A: In economics, the two most important laws of the market forces are the law of demand and the law of…

Q: “In the latte market, demand often exceeds supply and supply sometimes exceeds demand.” “The price…

A: Demand is the willingness of consumers for consuming goods and services at given prices. Supply…

Q: How does the Law of Supply differ from the Law of Demand?

A: Law of demand states that when other things remain the same, increasing price of goods and services…

Q: . According to the law of demand, when all other factors are held constant, the higher the price,…

A: Answer: Correct option: False (B) Explanation: Law of demand: According to the law of demand there…

Q: Which of the following causes the supply curve to shift? Changes in population Changes in income…

A: Number of the businesses that make the product can shift the supply.  If there are more businesses…

Q: The curve that shows the relationship between the quantity demand of a product and its price of…

A: It is the graphical way of showing the relationship between the quantity supplied and the price of a…

Q: WHEN DO YOU SAY THAT THERE IS EXCESS SUPPLY FOR A COMMODITY IN THE MARKET?

A: According to the given question  Excess supply - Generally a market surplus duly occurs when there…

Q: What is the Supply Schedule and the Supply curve, and how are they related?

A: Supply is a fundamental concept of economics which describes the total amount of a specific service…

Q: The one saying that everything remaining constant, price and quantity demanded move in opposite…

A: As per the law of demand, the price and quantity demanded move in opposite directions but there are…

Q: What is supply? What are the factors affecting supply of a commodity?

A: In simple words we can say that supply means the actual amount offered for sale per units of the…

Q: The law of supply says that  A. The quantity supplied of a product rises when the prices of the…

A: Supply: It is the total amount of a specific good or service that is available to consumers.

Q: Distinguish between a shift in and a movement along the supply curve.

A: A supply curve shows the relation between price charged and quantity supplied. When there is a shift…

Q: We know that a change in the price of a product causes a movement along the demand curve. Suppose…

A: When the consumers expect that the price of a product rise in future, they will increase the demand…

Q: What does the law of supply say about the relationship between price and quantity supplied?

A: Supply refers to the quantity supplied by producer in the market. Supply influences by various…

Q: The rent for 2-bedroom apartments in Las Vegas rose from an average of $954 in June 2017 to $1,038…

A: The given demand and price relation implies that when the price of a commodity or service…

Q: If supply is diminished what happens to the price of goods? What happens to the demand for goods?…

A: