Which statement best explains the law of supply? The quantity supplied by producers increases as prices rise and decreases as prices fall.
The quantity supplied by producers decreases as prices rise and increases as prices fall.
The quantity supplied by consumers increases as prices rise and decreases as prices fall.
The quantity supplied by consumers decreases as prices rise and increases as prices fall.

Where did the term “iron curtain” originate? the warsaw pact used the term iron curtain as a code word for communism. in a 1946 speech, british prime minister winston churchill said an iron curtain had fallen across the continent of europe. while visiting western europe in 1946, u. s. president harry truman commented that the mountains there looked like iron curtains. russian general secretary joseph stalin instructed citizens of eastern europe to hang iron curtains over their windows to protect themselves from stray bullets.