Question

Which statement best expresses the Law of Supply?

विकल्प

• When price rises, demand rises; when price falls, demand falls.

• When price rises, supply falls; when price falls, supply rises.

• When price rises, supply rises; when price falls, supply falls.

• When price rises, quantity supplied stays the same.

Answer 1

When price rises, supply rises; when price falls, supply falls.

Explanation:

The law states that supply moves in the same direction as price.​