MC18. What is the law of supply?
A. The higher the price of a good, the lower the quantity supplied.
B. The higher the price of a good, the higher the quantity supplied.
C. The lower the price of a good, the higher the quantity supplied.
D. The lower the price of a good, the lower the quantity supplied.
Answer:B
MC18. What is the law of supply?
A. The higher the price of a good, the lower the quantity supplied. B. The higher the price of a good, the higher the quantity supplied. C. The lower the price of a good, the higher the quantity supplied. D. The lower the price of a good, the lower the quantity supplied.