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melamori03 [73]
3 years ago
6

Which statement best explains the law of supply?

Social Studies
1 answer:
tatiyna3 years ago
8 0
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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