It is true that there is an inverse relationship between the price of a good and the quantity supplied with respect to law of supply.
What is supply?
Supply is the amount of products, a producer is willing to supply to the market at a particular price.
The law of supply states that the higher the price, the lower the quantity supplied and vice versa.
Hence, It is true that there is an inverse relationship between the price of a good and the quantity supplied with respect to law of supply states.
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