Akshiyakhanna
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What do you mean by Law of supply?

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I am facing the little difficulty in understanding the question. The question is been covered in the class but I didn’t understand it. Please check it on Chapter 3 of NCERT Solution for Economics class 12.

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1 Answer

  1. The law of supply states, “Other things (production quantity, being constant, quantity supplied of a commodity is directly related to the price of commodity”.
    Example – If the prices rises, supply of the product rise. The price falls, so do the supply.

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