ObjectiveMcq
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The relationship between quantity supplied and price is:
Correct Answer: B — Directly proportional
Correct Answer: B
The relationship between quantity supplied and price is directly proportional. Price and quantity supplied move in the same direction — as the price of a good increases, producers are incentivized to supply more of it; as the price decreases, quantity supplied also decreases. This positive relationship is represented by the upward-sloping supply curve.