Economy, asked by parthjolly001, 8 months ago

RELATIONSHIP BETWEEN PRICE AND QUANTITY SUPPLIED OF A PRODUCT IS INDICATED BY 

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Answered by Anonymous
0

Answer:

Economists call this positive relationship between price and quantity supplied—that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied—the law of supply. The law of supply assumes that all other variables that affect supply are held constant.

They are directly proportional to each other

Hope it helps❤

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