alleryMatch supply law: 1. Law: p. Direct rel 2. High P: q. More qty 3. Low P: r. Less qty
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
According to the law of supply, keeping other factors constant, an increase in price results in an increase in quantity supplied.
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