Which statement best describes the law of supply?
A. Buyers have a greater demand for a product when its supply
increases
B. Sellers decrease their supply of a product when its price
increases
C. Buyers have a reduced demand for a product when its supply
increases.
D. Sellers create a larger supply of a product when its price
increases
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Answer:

D seller create a large supply of a product when it's price

The answer is D. Sellers create a larger supply of a product when its price

increases.

                  The law of supply

When As a supply decreases, also a condition of excess demand is created at the old equilibrium level.

Then the Effectively there is increased competition among the buyers, which leads to a rise in the price.

Although, a price increase is accompanied by a decrease in demand and also an increase in supply.

Thus, D is the correct option Sellers create a larger supply of a product when its price increases

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