Register
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?
56.1k views
0 votes
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?

User Deividas Strioga
by
8.5k points

1 Answer

3 votes
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..."
User Mohit Gupta
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
The government’s involvement in economy serves what two purposes?
Link Copied!