Economy, asked by jaya9019, 10 months ago

Write down any four reasons for application of law of supply.

Answers

Answered by BAAZ7466
20

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.

mark as Brainliest~

Answered by Anonymous
8

Answer:

The main reasons for operation of law of supply are:

  1. Profit Motive: The basic aim of producers, while supplying a commodity, is to secure maximum profits. ...
  2. Change in Number of Firms: ADVERTISEMENTS: ...
  3. 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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