Answer:
The answer will be B. Decreased
Explanation:
If the price has increased, then you must be low on supply. According to the law of supply, High Demand and Low Supply= Increased prices Low Demand and High Supply= lower prices this is the best way to get to equilibrium quicker
As per the Law of supply whenever there is increase in the price of the good the quantity supplied increased (c) is the correct option.
The Quantity supplied states that how much value of quantity is supplied for the overall production of the goods and services in the market
As in the Law of supply others factors remain constant so whenever there is increase or rise in the supply the quantity supplied automatically increases over the period of times.
Therefore the Option(c) is correct.
Learn more about Law of Supply here:
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