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kicyunya [14]
4 years ago
12

What is the relationship between the law of supply and the supply curve?

History
1 answer:
frez [133]4 years ago
4 0

The law of supply states that a higher price leads to a higher quantity supplied and that a lower price leads to a lower quantity supplied. Supply curves and supply schedules are tools used to summarize the relationship between supply and price.

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