According to the law of supply, when the price of a good increases the quantity supplied also increases.
What is the law of supply?
The quantity of goods sold at a given price is shown by the law of supply. This indicates that the quantity offered will increase as the price does. There is an upward slope in the supply relationship.
The link between the quantity delivered and the factor affecting it is known as the law of supply. The key factors of supply are technology, the quantity of supplier, their expectations, customer reviews, and so on.
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