According to the law of supply, price and quantity supplied are ...

[neverstopbelieb]

According to the law of supply, price and quantity supplied are inversely related, ceteris paribus.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The law of supply indicates that an increase in price will cause an increase in supply which is reflected graphically as a rightward shift of the supply curve.
 a. True
  b. False
  Indicate whether the statement is true or false

[Silverbeard98]

Answer to Question 1

False

Answer to Question 2

False

[neverstopbelieb]

Thanks for the timely response, appreciate it

[ebonylittles]

Excellent