Question

The law of supply states
that there is a relationship
between price of a commodity
and quantity supplied when
other things remains
constant
​

Answer 1

Answer:

Explanation:

Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. ... When the price of a good rises, the supplier increases the supply in order to earn a profit because of higher prices.

Answer 2

Answer:

The law of supply states that a higher price leads to a higher quantity supplied and that a lower prize leads to a lower quantity supplied. Supply curves and supply schedules are tools used to summarize the relationship between supply and price.

Explanation:

PLEASE FOLLOW ME AND MARK ME AS A BRAINLIST