Question

the low of supply shows a........ relationship between price and supply when other things remains constant.​

Answer 1

Answer:

According to the law of supply, when the price of a commodity increases, the supply of the commodity increases and when the price of the commodity decreases, the supply of the commodity decreases. We can see that the law of supply has a direct relationship between supply and price. Hence, other factors remaining constant, when price of a commodity rises, there is expansion of supply.

Answer 2

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