Social Sciences, asked by Anonymous, 8 months ago

Define law of supply ​

Answers

Answered by raaj20644
3

Answer:

The law of supply is a fundamental principle of economic theory which states that keeping other factors constant an increase in price results in a increase in quantity supplied.

Answered by uma1980reddy
3

Answer:

law of supply states that other factors remaining constant, price and quality supplied of a good is directly related to each other

Explanation:

in in other words when the price paid by buyers for a good rises, then then suppliers increase the supply of that good in the market .

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