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The law of supply is an economic concept stating that the price and supply of a good or service are directly elastic to each other. When the price of a good or service increases, t...

Law Of Supply
A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services offered by suppliers increases and vice versa.... More »

Law of supply


The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied.

Law Of Supply Definition | Investopedia


DEFINITION of 'Law Of Supply'. A microeconomic law that states, all other factors being equal, as the price of a good or service increases, the quantity of goods ...

Do you have everything you'll need for law school ready? While personal needs certainly vary, I've made up a checklist of law supplies to give you an idea of what you should at least think about buying before school starts. So, former 1Ls, what were your essential law... More »

Law of supply | The supply curve | Khan Academy


Introduction to the Law of Supply. ... I'll do it in purple in honor of the grapes); to the law of supply which, like the law of demand,; makes a lot of intuitive sense ...

Law Of Supply - The Economic Times


Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. In other words ...

What is law of supply? definition and meaning


Definition of law of supply: An economic theory which states that a company faced with constant demand will be able to raise prices inversely to shrinking ...

Supply - Library of Economics and Liberty


The most basic laws in economics are the law of supply and the law of demand. Indeed, almost every economic event or phenomenon is the product of the ...

The Law of Supply - Boundless


Learn more about the law of supply in the Boundless open textbook.

Popular Q&A
Q: What Is the Meaning of the Law of Supply?
A: Economists refer to the line showing the relationship between the price of an item and the number of units available for sale at that price as the supply curve.... Read More »
Source: www.ehow.com
Q: What is the law of supply validity?
A: mag jackol ka lang masasagot mo yan. Read More »
Source: wiki.answers.com
Q: What is the Law of Supply and demand?
A: When the supply goes down, the price goes up because there is a shortage and there are less to be sold. When supply goes up on account of high prices, the price... Read More »
Source: wiki.answers.com
Q: What are the assumption of law of supply.
A: Assumptions to the Law: This law is based on the following assumptions as mentioned: Cost of production: It is assumed that the price of the product changes wit... Read More »
Source: www.answers.com
Q: What are the laws of supply and demand?
A: The law of demand states that, if all other factors remain equal, the higher Read More »
Source: www.chacha.com