According to the text, tirms encounter rising costs when they attempt to produce more in the same time period. As a consequence, they must be offered a higher price to be willing to

incur these higher costs. The resultina relationship between price and quantity supplied

O A

inverse (or negative) and is called the law of supply

*B.

direct (or Dositive) and is called the law or Suppiv.

xC.

direct (or positive) and is called the law of human nature

O D

direct (or positive and is called the law of demand