Question

According to the law of supply, assuming other factors are held constant
a. as the price of bread increases, the quantity of bread supplied will decrease
b. as the supply for bread increases, the price of bread will also increase.
c. as the price of bread increases, the quantity of bread supplied will increase.

Answer 1

Answer:

c. as the price of bread increases, the quantity of bread supplied will increase.

Explanation:

According to the law of supply we find out that there is a direct relationship existing between price of a good and quantity no supplied of same good. The law states that holding all factors fixed an increase in price brings about a resultant increase in quantity supplied. With this in mind, as the price of bread soars or goes up, the quantity of bread supplied would also increase too.