The Law of Supply states Group of answer choices A. the quantity supplied varies irregularly with its price B. the qantity demanded varies inversely with its price C. the quantitiy supplied varies inversely with its price D. the quantity supplied varies directly with its price.

The correct answer is option D.

Explanation:

The law of supply is used to explain the relationship between the price of a product and its quantity supplied. According to this law, there is a positive relationship between the price of a product and the quantity supplied.

In other words, an increase in price will cause the quantity supplied to increase as well and vice versa.  

That is why the supply curve is upward sloping.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; measurable outcome;