4
QuizMultiple Choice

Entrepreneurship — Unit test

Question 4 • IL-Economics

According to the law of supply, price and quantity move

Answer
A
along a track in the same direction.
B
along a track in opposite directions.
C
from different points toward one another.
D
from the same point away from one another.

Explanation

The law of supply says that, other things being equal, a higher price leads producers to supply a greater quantity, while a lower price leads them to supply less. So price and quantity move in the same direction, as choice A states.

AI-written and checked against the verified answer.

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