The law of supply states that as the price of a good declines, the quantity supplied of that good decreases as well.
What is the law of supply?
This economic law states that other things equal, an increase in the price of a product will increase the quantity of it supplied, and conversely for a price decrease directly related.
Hence, the law of supply states that as the price of a good declines, the quantity supplied of that good decreases as well.
Therefore, the Option D is correct.
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