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  • 02-06-2020
  • Social Studies
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Which statement best explains the law of supply?

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jimmylawson123
jimmylawson123 jimmylawson123
  • 03-06-2020
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, when the price paid by buyers for a good rises, then suppliers increase the supply of that good in the market.
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