Economy, asked by amanjoshbarwa, 5 months ago

b. State the law of supply. Explain it
with the help of a diagram.​

Answers

Answered by shubhamgariya660
1

Answer:

Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. ... The above diagram shows the supply curve that is upward sloping (positive relation between the price and the quantity supplied).

❤

Previous Question
Next Question
Similar questions
History, 2 months ago
What does the term 'conservative' mean?
Geography, 2 months ago
Name all the gaseous planets.​
Science, 2 months ago
write one of the main uses of an electromagnet​...
English, 5 months ago
Captain Gordon Cook decided to arrive at ____________________ to save his family in the Southern Indian ocean.
Social Sciences, 5 months ago
Assertion: “In a democracy, it is the people who have the ultimate authority.” Reason: Since it is their collective voice that dictates government decisions. a) Assertion is true but Reason is false c) Both Assertion and Reason are true, but Reason is not the correct explanation for Assertion. d) Both Assertion and Reason are true, and Reason is the correct explanation for Assertion.
Math, 9 months ago
find the amount and the compound interest if the interest is compounded yearly rupees 8000 for 3 years at 15% per annum.​
Science, 9 months ago
Which one of the following ocean currents is a cold current? (a) South Atlantic Drift (b) Mozambique Current (c) East Australian Current (d) Caribbean Current​...
Chemistry, 9 months ago
what is also known as arsenic (after consuming it by humans the person dies)​...