asked 105k views
5 votes
The law of supply is defined as the willingness of producers to supply less of a good as the price of the good increases.

TRUE


FALSE

1 Answer

3 votes
False, the quantity of goods goes in the same direction as the price of goods.
Ex. If you buy a increased amount of goods the price will increase as well.

answered
User Utogaria
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.