Give the assumption of law of supply????
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Heya......
Law of supply States that,,, other things remaining constant then there is a positive relationship between own price and quantity supplied of a commodity......
""" ASSUMPTIONS are.....
-- There is no impact of price of related goods ....
-- No future business expectations...
-- Firm didn't want to increase the profit...
-- Cost of production doesn't change....
-- Technology remains constant...
-- Government policies doesn't create any impact...
-- Cost of factor of inputs is constant...
""" Be Brainly....
Law of supply States that,,, other things remaining constant then there is a positive relationship between own price and quantity supplied of a commodity......
""" ASSUMPTIONS are.....
-- There is no impact of price of related goods ....
-- No future business expectations...
-- Firm didn't want to increase the profit...
-- Cost of production doesn't change....
-- Technology remains constant...
-- Government policies doesn't create any impact...
-- Cost of factor of inputs is constant...
""" Be Brainly....
Answered by
0
Law of supply ASSUMPTION..
"" No mean of govt policies..
"" No matter of related goods prices...
"" No any business expectations...
"" No effect of inputs cost...
"" Technology is constant....
"" No mean of govt policies..
"" No matter of related goods prices...
"" No any business expectations...
"" No effect of inputs cost...
"" Technology is constant....
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