“All things equal, when the price of a good rises, the quantity supplied of the good also rises, and when the price falls, the quantity supplied falls as well.” This relationship between price and  quantity supplied

A. Is represented by a downward-sloping supply curve

B is referred to as the law of supply

C. Applies only to a few goods in the economy

D. All of the above are correct

Answer rating: 100% (QA)

B Is referred to as the law of supply Quantity suppl... View the full answer