Question

According to the law of supply, price and quantity move
O along a track in the same direction.
O along a track in opposite directions.
O from different points toward one another.
O from the same point away from one another.
⚠️POSTED JUNE 29. IF IT’S AFTER JUNE 29, DONT ANSWER⚠️

Answer 1

Answer:

along a track in the same direction.

Explanation:

According to the law of supply, the price of the goods increases with an increase in the quantity of the goods supplied. Similarly, the price of the goods decreases with a decrease in the quantity of the goods supplied. This means that the price and quantity are directly proportional to each other. The price and quantity will move along a track in the same direction respectively.