Respuesta :
Answer:the supply of the product increases as its price increases
Explanation:
The statement that explains the law of supply is that when price increases, then the supply decreases.
Option A is correct.
What is a price?
A price is a factor that is decided by the company on the basis of cost incurred while production of a product. It is the most essential component that affects by the market forces in an economy.
The law of supply states that there is a negative and inverse nexus between the supply, that is, the number of products being marketed by the producer and the price, that is, the cost being charged from the customers. It means that the increase and decrease in price will resulted in going down and going up of the supply in the market.
Therefore, the statement given in option A is correct.
Learn more about the supply in the related link:
https://brainly.com/question/13225200
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