Question

state and explain the law of supply with expectation​

Answer 1

Answer:

Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. In other words, when the price paid by buyers for a good rises, then suppliers increase the supply of that good in the market.

Explanation:

hope this helps ^_^

Answer 2

Answer:

expectations of supplies are :-

1. fair prices for the supplies.
2. regular and timely payment according to credit terms.
3. reasonable terms of delivery and payment.
4. regular order for supply.
5. correct information about the company's financial position.
6. healthy and co-operative inter-business relationship.