The law of supply is satisfied by these two correct responses:
a. "A decrease in price is followed by a decrease in quantity supplied and
c. An increase in price is followed by an increase in quantity supplied."
- The law of supply implies that the price and quantity of a good share direct correlation.
- This means that price has a significant influence on the supply quantity of any good.
- Suppliers are willing to sell more quantity of a good when the price increases than when the price decreases to maximize their revenue and profits.
Thus, the two answers that truly satisfy the law of supply relate to the price and quantity of the goods being supplied.
Read more about the law of supply at https://brainly.com/question/22970581
