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Svetradugi [14.3K]
2 years ago
8

Q12. the "law of supply" refers to the fact that, all other things remaining the same, when the price of a good rises

Business
1 answer:
kaheart [24]2 years ago
8 0
Supply is the amount of specific goods and services that are available in the market to the consumers. The law of supply states that a higher price leads to increase in the quantity being supplied by producers or suppliers and a lower price leads to a lower quantity supplied. In this case when price of goods rises while maintaining other things constant, there is a movement up along the supply curve to a larger quantity supplied.
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Answer:

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Complete Question:

The document that the purchasing department prepares and sends to the vendor to place an order is called the:

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torisob [31]
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