Question

prepare a note on exception to the law of supply​

Answer 1

Explanation:

The law of supply states that the sellers are willing to sell more goods at a higher market price of a commodity and vice-versa. In other words, when the price of a commodity increases its supply increases and when the price of a commodity decreases its supply decreases, other things being constant. Thus, there is a direct relationship between the price of a commodity and its supply. However, there are some exceptions of law of supply.

Answer 2

Hey mate here is your answer ;

Exception of law of supply

The normal law of supply is widely applicable to a large number of Products. There are certain exceptions to law of supply, like a change in the price of a good does not lead to a change in its quantity supplied in the positive direction.

The law of supply is not a universal principle that applies to all circumstances. There are, in fact, various important exceptions to the law of supply. Some exceptions to law of supply are given below:

• Change in business
• Monopoly
• Competition
• Perishable Goods
• Legislation Restricting Quantity
• Agricultural Products
• Artistic and Auction Goods

⭐I hope it helps you bestie ⭐☺️

please mark me as Brainliest