Which statement best explains the law of supply? the quantity supplied by producers increases as prices rise and decreases as prices fall. the quantity supplied by producers decreases as prices rise and increases as prices fall. the quantity supplied by consumers increases as prices rise and decreases as prices fall. the quantity supplied by consumers decreases as prices rise and increases as prices fall.

Which statement best explains the law of supply? The quantity supplied by producers decreases as prices rise and increases as prices fall.

If there is a decrease in the price of an item, then a producer may chose to produce more of it because they aren't having to spend as much on materials and can offer consumers a better priced item. If the prices rise, then producers are less likely to produce more of a good or service because it will cost more to make and therefor cost their consumers more to purchase.

send them to therapy or somthing like that

it would be d). more resources must be obtained to attain that combination of goods and services