State and explain the law of supply using a suitable numerical example.

Nikita Chetry
Latest Answer: 1 day ago
In: Commerce

State and explain the law of supply using a suitable numerical example.

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2 Answers

Answered By Nikita Chetry
Answer: 1 day ago

Law of Supply: The law of supply states that other things remain the same, higher the price, the greater the quantity supplied or the lower the price, the smaller the quantity supplied. In other words...

Answered By Nikita Chetry
Answer: 1 day ago

Law of Supply: The law of supply states that other things remain the same, higher the price, the greater the quantity supplied or the lower the price, the smaller the quantity supplied. In other words... Read More

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