Question

give economic terms
rise in the quantity supplied of a commodity due to a rise in its price, other factors remaining constant - _______

Answer 1

Answer:

Expansion

According to the law of supply, when the price of a commodity increases, the supply of the commodity increases and when the price of the commodity decreases, the supply of the commodity decreases. We can see that the law of supply has a direct relationship between supply and price. Hence, other factors remaining constant, when price of a commodity rises, there is expansion of supply.

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