the law of supply shows a relationship betweenprice and supply when other thing remain constant
Answers
Answered by
3
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.
MARK AS BRAINLIST.
Similar questions
English,
3 months ago
Computer Science,
3 months ago
History,
3 months ago
Accountancy,
6 months ago
English,
6 months ago
Math,
11 months ago
Geography,
11 months ago
Social Sciences,
11 months ago