Economy, asked by shubhammaheshwarie4, 1 month ago

what are the two matters on which law of supply is presented?

Answers

Answered by OMMEHTA5626H

Answer:

Price and Quantity

Explanation:

The law of supply states that as the price of an item goes up, suppliers will attempt to maximize their profits by increasing the quantity offered for sale. Therefore the two matters on which law of supply is presented are Price and Quantity.

Answered by snigdhasen723

Explanation:

The law of demand and supply says that sellers will supply less of a product or resource as price decreases, while buyers will buy more, and vice versa

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