Define law of supply
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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
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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