The law of supply states that as the price of a good rises, the quantity supplied of that good

The Law of Supply states that as the price of a good rises, the quantity supplied of that good will rise too.

Explanation:

Supply indicates that manufacturers are interested in offering products and services to the market, so the higher the price of a product or service, the greater the interest in supplying a product or service. In other words, as the price of a product or service increases, so the quantity of supply increases as the other factors affecting the supply remain constant. As prices fall, production volumes decrease. Consequently, the law of supply represents a positive relationship between quantity and price of supply.