AP MicroeconomicsSupply & Demand
Law of Supply
The law of supply states that quantity supplied rises when price rises, holding all else constant.
The law of supply describes the positive relationship between price and quantity supplied. When the price of a good rises, producers are willing and able to supply more of it. Conversely, when the price falls, producers are willing and able to supply less. This holds true as long as other factors like technology and input costs remain constant.
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