What does the Law of Supply state about the relationship between price and the quantity of a good that producers are willing to sell?

The Law of Supply states that when the price of a good goes up, producers are willing to sell more of that good. This is because higher prices usually mean more profit for the producers, so they are encouraged to increase their production. For example, if a bakery can sell bread for $3 a loaf instead of $2, it might decide to bake more loaves to take advantage of the higher price. Conversely, if the price drops, producers may not want to sell as much because their profits decrease. This relationship helps balance what is available in the market with what consumers want to buy.