Supply and its determinants

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2023-02-24 17:17:03 -

The law of supply The law of supply states that there is a positive relationship between price and quantity supplied, leading to an upward-sloping supply curve. Sellers like to make money, and higher prices mean more money! For example, let’s say that fishermen notice the price of tuna rising. Because higher prices will make them more money, fishermen spend more...

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