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How profit motive explain the law of supply?
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Mar 25, 2018
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How profit motive explain the law of supply?
Business
high-school
Samiran
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Profit motive produces what people want to get as much profit as possible, thus the demand of the product will rise so the price will rise to regain equilibrium (so demand will decrese) so the supply increases with the price. Hope I helped
Zforgo
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Mar 30, 2018
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