Economy, asked by pranavbaidya2020, 17 days ago

Law of supply to be discussed with hypothetical supply​

Answers

Answered by arnavlaxmi1116
0

Explanation:

The law of supply states that other factors being equal, the quantity of a good supplied increases with an increase in the price level and decreases with a decrease in price level of a good. Supply schedule below shows the positive relationship between price and quantity supplied. Price (in Rs) Quantity Supplied

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