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Define the law of supply.
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.
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Asked 1/21/2015 1:29:15 PM
Updated 1/21/2015 1:51:58 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 1/21/2015 1:51:58 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [1/21/2015 1:56:58 PM]
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