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प्रश्न
Law of supply states that ______.
पर्याय
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
State and explain the law of supply with exceptions.
The relationship between the price of a commodity and the supply of commodity is
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With the help of a diagram state whether supply of a good is directly or inversely related to price?
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What does the supply curve typically look like according to the Law of Supply?
