The law of supply shows a ............ relationship between price and supply when other things remains constant.
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The law of supply is a fundamental principle of economic theory. It states that an increase in price will result in an increase in the quantity supplied, all else held constant. As the market price of a good increases, suppliers of the good will typically seek to increase the quantity supplied to the market.
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The law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.
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