Which Statement Best Describes the Relationship of Price and Quantity

question 82

Multiple Choice

Which statement best describes the relationship of price and quantity supplied based on the law of supply

• A)Firms' production levels are not correlated with the price of a good.
• B)The supply curve slopes downward.
• C)Firms are willing to produce a greater quantity of a good when the price of the good is higher.
• D)As price increases, producers have more market power than consumers.