What is the law of supply???

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The law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.

Quotes: "Life without faith in something is too narrow a space to live." ~George L Spaulding || "The most common way people give up their power is by thinking they don't have any." ~Alice Walker || "Happy are those who dream dreams and are ready to pay the price to make them come true." ~Leo Suenens