Question

The law of supply states that

a. as prices fall, so will supply, and as prices rise, so will supply.
b. as prices rise, so will supply, and as prices fall, so will supply.
c. as demand rises, supply will fall, and vice versa.
d. as demand falls, supply will rise, and vice versa.

Answer 1

as prices rise, so will supply, and as prices fall, so will supply.