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प्रश्न
Law of supply states that ______.
विकल्प
There is direct relation between price and supply.
There is inverse relation between price and supply.
There is direct and proportionate relation between price and supply.
None of these
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उत्तर
Law of supply states that there is direct relation between price and supply.
Explanation:
The Law of Supply states that, all else being equal, as the price of a good or service increases, the quantity supplied of that good or service also increases. Conversely, as the price decreases, the quantity supplied decreases. This establishes a direct relationship between price and supply.
संबंधित प्रश्न
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Other things remaining unchanged, change in supply due to increase in price is called ______.
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Which factor is assumed to remain unchanged under the Law of Supply?
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