The claim that other things being equal, the quantity supplied of a good rises when the price of good rises and vice-versa is known as
A. Law of Economics
B. Law of Supply
C. Law of Demand
D. All of these
Answer:B
The claim that other things being equal, the quantity supplied of a good rises when the price of good rises and vice-versa is known as
A. Law of Economics B. Law of Supply C. Law of Demand D. All of these