Law of Supply
Key points
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.
Supply of goods and services
When economists talk about supply, they mean the amount of some good...
0 Μοιράστηκε
3627 Views
0 Προεπισκόπηση