the law of supply is that producers will supply, Microeconomics

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the law of supply is that producers will supply

The law of supply is that producers will supply more the higher the price of the commodity. The supply curve is an upward sloping function showing a direct relationship among prices and the quantity supplied. In other words, the supply curve has a positive slope that represents that as price increase (reduces) so too does quantity supplied.

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Microeconomics: the law of supply is that producers will supply

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