Question

Conclusion of theory of supply ?

Answer 1

The law of supply describes the behavior of sellers. ... In general, sellers will supply more of a good at higher prices than at lower prices. When this relationship is graphed, the result is an upward-sloping supply curve. A change in price results in movement along the supplycurve from one point to another.

Answer 2

Supply is the sum of products that a company chooses to sell at a specified price in the industry. Now the supply principle notes that the amount of products which a company wants to sell would always rise with an improvement in demand.

Explanation:

• Supply is a basic economic term, defining the overall quantity of a given product or service accessible to customers. Supply may be the sum available at a single price or the sum available at a range of prices if seen on a graph

• Supply legislation explains sale conduct. Sellers would usually be offering more of a product at elevated rates than at lower levels.
• The effect is an upward-sloping supply curve, when this relationship is graphed. A demand transition occurs in shift from one level to another along the supply curve.

Learn more about supply:

What is supply? &law of supply?​

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