The law of supply claims that sellers will raise their supply of a good if the price of the good goes up. Option D is correct.
What is the law of supply?
The law of supply is a cardinal premise of economic theory that asserts that a rise in price leads to an increase in quantity supplied, while all other conditions remain constant.
In other words, price and quantity have a direct relationship, means the quantities respond in the same direction as price changes.
It means that, there is the negative relationship between the price and the quantity supplied. This happened because a producer wants more profits.
Therefore, option D is correct.
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