The law of supply in economics states that as the price of a good or service increases, the quantity of goods or services increases, and vice versa. What Is the Law of Supply? · How It Works · Examples |
In short, the law of supply is a positive relationship between quantity supplied and price, and is the reason for the upward slope of the supply curve. |
13 июл. 2022 г. · The law of supply is an economic theory that predicts how the price of goods and services affects their supply. It says that as prices rise, ... Law of Supply Explained · Types of Law of Supply |
The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a lower quantity supplied. |
The law of supply states that the quantity of a good supplied (ie, the amount owners or producers offer for sale) rises as the market price rises, and falls as ... |
The law of supply is a basic principle in economics that asserts that, assuming all else being constant, an increase in the price of goods. |
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