The law of supply states that as the price of a good or service increases, the quantity supplied will also increase, all other things being equal.
a. Gasoline conforms to the law of supply. As the price of gasoline increases, suppliers will produce more gasoline to take advantage of the higher prices.
b. Cheating on exams does not conform to the law of supply. The quantity of cheating does not increase as the price of cheating increases. Instead, the quantity of cheating might decrease as the price of cheating increases, as students become more afraid of getting caught.
c. Political favors from legislators do not conform to the law of supply. The quantity of political favors does not increase as the price of political favors increases. Instead, the quantity of political favors might decrease as the price of political favors increases, as legislators become more afraid of getting caught.
d. The services of heart specialists conform to the law of supply. As the price of heart specialist services increases, heart specialists will produce more services to take advantage of the higher prices.
e. Children do not conform to the law of supply. The quantity of children does not increase as the price of children increases. Instead, the quantity of children might decrease as the price of children increases, as parents decide to have fewer children due to the higher costs.
f. Legal divorces conform to the law of supply. As the price of legal divorces increases, lawyers and other legal professionals will produce more legal divorces to take advantage of the higher prices.