The law of supply states that the price of services and goods increases, its factors being equal, the offer of quantity goods and services increases.
If the price goes up the supplier maximizes profits by way of increasing the quantity which is being offered for sale. <em>Factors which include supply are</em>,
1. Cost of production. When the supply of a certain product decreases then its cost product increases.
2. Natural condition. Climate mostly affects supply of different products. For example, when monsoon comes, there is an increase in agriculture products.
3. Technology. When technology is high there is increase in products and also increase in supply.
<em>A good example which illustrates the factors of law of supply, lets say when a student who is in college finds that a course like actuarial science pays well than professor job then there will be supply of students and actuarial science will increase mor student who will be doing it. </em>
Answer:
Horace was born 26 weeks after conception. Now, he is a healthy, happy 2 year-old. Horace's ability to survive after being born so early was due in part to his reaching the age of viability.
Explanation:
I dont understand what you are trying to say
When family members are overinvolved in each other's lives but are affectionate and loyal, it's enmeshed family pattern.
<h3>What is a family?</h3>
It should be noted that family simply means the people who are related by blood or through marriage.
In this case, when family members are overinvolved in each other's lives but are affectionate and loyal, it's enmeshed family pattern.
Learn more about family on:
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