Economy, asked by bhupindersingh28, 1 year ago

what is low of supply ?​

Answers

Answered by ROCKSTARgirl
2

Hello dear!!!

your answer:-

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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.


bhupindersingh28: can explain me with example ?
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Answered by sweetu17777
2

. the law of supply is the micro economic law the states that all other factors being equal as the price of a good service increases the quantity of good or service such that supplies offer will increase and vice versa ..


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