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Law of supply
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Asked 3/22/2011 5:47:21 PM
Updated 9/28/2014 3:20:01 PM
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Flagged by alfred123 [9/28/2014 3:17:15 PM], Edited by andrewpallarca [9/28/2014 3:20:01 PM]
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User: Law of supply

Question
Asked 3/22/2011 5:47:21 PM
Updated 9/28/2014 3:20:01 PM
1 Answer/Comment
Flagged by alfred123 [9/28/2014 3:17:15 PM], Edited by andrewpallarca [9/28/2014 3:20:01 PM]
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The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied.
Added 9/28/2014 3:18:04 PM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [9/28/2014 3:19:54 PM]
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