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24 February, 03:44

Group of answer choices reflects a direct relationship between the price and quantity. The Law of Supply: a) shows that the relationship between producer revenue and quantity supplied is negative b) reflects the income and substitution effects of a price change c) is reflected in a downsloping supply curve.

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  1. 24 February, 05:23
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    c) is reflected in a downward sloping supply curve.

    Explanation:

    A direct relationship between the price and quantity is reflected in a downward sloping supply curve.

    The Law of demand states that ''conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases"

    Hence this relationship is reflected in a downward sloping curve as demand falls as price rises.
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