Give any three exceptions of law of supply????
Answers
Answered by
2
Heya.....
As law of supply States that,, there is a positive relationship between price and supply of a commodity...
So exceptions are that situations where,, this law gets violates.....
""" Goods of social distinction...
These are the goods which are less demanded due to sufficient income level so,, at high prices also no demand that lead to low supply....
""* Perishable Goods....
Thode goods which can be spoil in a short time so for clear the stock seller can sell that at low prices also , no wait for rise in price....
""" Agricultural Output...
The production depends on nature can't say that high prices goods are available with producer so supply restricted...
-- Be Brainly....
As law of supply States that,, there is a positive relationship between price and supply of a commodity...
So exceptions are that situations where,, this law gets violates.....
""" Goods of social distinction...
These are the goods which are less demanded due to sufficient income level so,, at high prices also no demand that lead to low supply....
""* Perishable Goods....
Thode goods which can be spoil in a short time so for clear the stock seller can sell that at low prices also , no wait for rise in price....
""" Agricultural Output...
The production depends on nature can't say that high prices goods are available with producer so supply restricted...
-- Be Brainly....
Answered by
2
Law of supply means,,, positive relationship between price and quantity supplied....
Exceptions...
Agricultural output
Perishable items
Article of distinction..
Exceptions...
Agricultural output
Perishable items
Article of distinction..
Similar questions