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what is the definition of the law of supply, and what are the factors that will cause a shift in the supply of a product?
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Feb 14, 2017
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what is the definition of the law of supply, and what are the factors that will cause a shift in the supply of a product?
Business
high-school
Deividas Strioga
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Deividas Strioga
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The law of supply
is a microeconomic law which says
"...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..."
Mohit Gupta
answered
Feb 20, 2017
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Mohit Gupta
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