Supply Flashcards
1
Q
Define the law of supply.
A
The law of supply states that if a good increases in price, more of it will be supplied, while if price decreases less of it will be supplied.
ECONOMICS > Supply > Flashcards
Define the law of supply.
The law of supply states that if a good increases in price, more of it will be supplied, while if price decreases less of it will be supplied.