Question

Which of the following is true as per the law of supply?

(1) There is a negative relation between quantity supplied and price

(2) There is a positive relationship between quantity supplied and factors of production

A Only 1 Correct Answer Incorrect Answer
B Both 1 and 2 Correct Answer Incorrect Answer
C Both 1 and 2 Correct Answer Incorrect Answer
D Only 2 Correct Answer Incorrect Answer

Solution

The correct answer is C

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