What is the Law of Supply?
What is the Law of supley? The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa. Google is the sourse I used
\(\color{#0cbb34}{\text{Originally Posted by}}\) @CocoCammron99 What is the Law of supley? The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa. Google is the sourse I used \(\color{#0cbb34}{\text{End of Quote}}\) Thank you sm!
\(\color{#0cbb34}{\text{Originally Posted by}}\) @Dileiny \(\color{#0cbb34}{\text{Originally Posted by}}\) @CocoCammron99 What is the Law of supley? The law of supply is the microeconomic law that states that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa. Google is the sourse I used \(\color{#0cbb34}{\text{End of Quote}}\) Thank you sm! \(\color{#0cbb34}{\text{End of Quote}}\) np
Join our real-time social learning platform and learn together with your friends!