Question

Which of the following best describes the Law of Supply?

as prices go up, producers will dedicate more of their resources to supply more
as prices go up, producers will dedicate fewer resources and supply less
as prices go up, the demand for the supply of goods will drop and supply will drop
as prices go up, producers ability to supply will increase and prices will go back down

Answer 1

As prices go up, the demand for the supply of goods will drop and supply will drop

Step-by-step explanation:

Answer 2

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Step-by-step explanation: