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.
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 ...
Introduction to the Law of Supply. ... factors change supply? Long term supply
curve · Next tutorial. Market equilibrium · Law of supply · Up Next. Law of supply.
May 27, 2013 ... Definition: Law of supply states that other factors remaining constant, price and
quantity supplied of a good are directly related to each other.
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 ...
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 ...
Learn more about the law of supply in the Boundless open textbook.
According to the law of supply, there is a direct relationship between supply and
the price of a product or service under cetirus peribus assumption (i.e. other ...
Definition of law of supply: The law of supply states that if demand is held
constant, an increase in supply leads to a decreased price, while a...
This lesson explains the law of supply. We will discuss the connection between
the law of supply and pricing and cover several examples to further...