Answer:
As the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.
Step-by-step explanation:
What Is the Law of Supply?
The law of supply is the microeconomic law that states that all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa.
The law of supply says that as the price of an item goes up, suppliers will attempt to maximize their profits by increasing the number of items for sale.