Question

explain the law of supply in details​

Answer 1

The law of supply says that a higher price will induce producers to supply a higher quantity to the market. ... Supply in a market can be depicted as an upward-sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.

Answer 2

Answer:

The law of supply says that a higher price will induce producers to supply a higher quantity to the market.

Supply in a market can be depicted as an upward-sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.

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