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 ...
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 ...
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.
The Law of Supply and Demand. Austrian Economists Dislike Most Textbook
Explanations of This Subject. Israel M. Kirzner. Saturday, January 01, 2000.
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...
Law of supply. It is observed in markets that when more price of commodities are
offered to sellers. They increase the quantity supplied of these commodities ...
Aug 10, 2011 ... Let's face it. At some point of time in our school or college, we face a typically
difficult assignment with a tricky problem, a complex equation or a ...
For a market economy to function, producers must supply the goods that
consumers want. This is known as the law of supply and demand. “Supply” refers
to the ...