What type of relationship exists between the price and quantity supplied?

No relationship

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Negative

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Positive

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Constant

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Solution

The correct option is C
Positive

The Law of Supply gives the relationship between the price of a commodity and its supply. According to this law, other things being equal, the quantity of a commodity supplied varies directly with its price. Hence, the relationship between price and supply is positi

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Why is there an inverse relationship between the price of a commodity and its quantity demanded?

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