The law of supply states that as the price of a good rises, the quantity supplied of that good disappears. decreases. remains the same. increases.

Increases

As the price of a good rises, the quantity increases. Conversely, as the price of a good falls, the quantity of that good decreases. There is a direct correlation between the price of goods and the quantity of goods. This is also known as ceteris paribus. This is a Latin phrase used to characterize the Law of Supply which means "all other things being equal."