Question

how does change in the prices of related commodities affect the supply of good? with diagram​

Answer 1

Answer:

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Explanation:

As a general rule, price of a commodity and its supply are directly related. It means, as price increases, the quantity supplied of the given commodity also rises and vice-versa. It happens because at higher prices, there are greater chances of making profit. It induces the firm to offer more for sale in the market.