The law of supply illustrates all the quantities of goods that producers are willing and able to sell at every possible price.
What is the law of supply?
The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls. This shows that price and quantity supplied are positively related. This explains why the supply curve is positively sloped.
To learn more about the law of supply, please check: https://brainly.com/question/26374465
#SPJ1
