1 Under the health care law, you must have qualifying health coverage or pay a fee on your next federal tax return.  The penalty in 2016 is 2.5% of household income or $695 per adult (half of that per child), whichever is higher. Learn more about the fee for not being covered.
The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.
An Increase in the Quantity Supplied. The Quantity Supplied is an amount at a given price while Supply is the entire relationship between the various Quantities Supplied at a variety of prices. When the price increases from P1 to P2, the quantity supplied increases from Q1 to Q2. Changing the price leads to changes in the quantity supplied. Paying extra for overtime is a way to increase the quantity supplied. Supply is the relationship between Prices and Quantities Supplied.