State with reason, whether you agree or disagree with the following statement

Question

There is direct relation between price and quantity supplied.

Vidyadip · Accepted Answer

No, I do not agree with this statement.

According to the Law of Supply “Other things remaining constant supply varies directly with price i.e., more quantity will be offered for sale at a higher price and less at a lower price. So there is a positive relationship between price and supply.”
S = f(P)
The supply curve which is a graphical representation of supply schedule slopes upward from left to right indicating a positive slope.
In order to earn reasonable profit, the sellers try to sell more at higher prices and less at lower prices.
The sellers earn more profit when market price is greater than their reservation price.
Thus, the above statement is true.

Answer