What is low of supply in economics?

The law of supply in economics states that, all else being equal, an increase in the price of a good or service leads to an increase in the quantity supplied. Producers are generally more willing to supply more of a product when they can sell it at higher prices, as this can lead to greater revenue and profit. Conversely, if the price decreases, the quantity supplied typically decreases as well. This relationship illustrates the direct correlation between price and quantity supplied in a competitive market.