• 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 Commentarios 0 Acciones 2724 Views 0 Vista previa
  • 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 Commentarios 0 Acciones 2418 Views 0 Vista previa
  • 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 Commentarios 0 Acciones 2447 Views 0 Vista previa
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