205k views
21 votes
The law of supply indicates that other things equal:.

User Cristian M
by
8.4k points

1 Answer

6 votes

Answer:

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.

User Hrishikesh Kale
by
7.6k points

No related questions found

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