Question

what are assumption of law of supply​

Answer 1

Answer:

Law of supply states that other things remaining constant, quantity supplied increases with increase in own price of a commodity and vice-versa. Assumptions of the Law of Supply:- 1) there this no change in the price of the factors of production. 2) there this no change in the technique of production

Explanation:

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Answer 2

Answer:

Law of supply states that other things remaining constant, quantity supplied increases with increase in own price of a commodity and vice-versa.

Assumptions of the Law of Supply:-

1) there this no change in the price of the factors of production.

2) there this no change in the technique of production.