Economy, asked by sukhpreetkaundal, 7 months ago

The law of supply shows a ............ relationship between price and supply when other things remains constant.​

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Answered by LEGEND778
3

Answer:

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.

Explanation:

Answered by Anonymous
1

Answer:

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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