Write down any four reasons for application of law of supply.
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heya.! mate.. .Ur ans is~
#supplying a commodity, is to secure maximum profits. ...
#Change in Number of Firms: ADVERTISEMENTS: ...
#Change in Stock: When the price of a good increases, the sellers are ready to supply more goods from their stocks.
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Answer:
The main reasons for operation of law of supply are:
- Profit Motive: The basic aim of producers, while supplying a commodity, is to secure maximum profits. ...
- Change in Number of Firms: ADVERTISEMENTS: ...
- Change in Stock: When the price of a good increases, the sellers are ready to supply more goods from their stocks.
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