Explain the determinants of Supply.
Introduction: In the ordinary language or term supply and stock conveys the same meaning but in economics the term supply is different from that of stock. Supply has all the attributes of demand a seller
Explain the exceptions of law of supply.
Introduction: The law of supply is just opposite of the law of demand where a producer supply more units of a commodity at higher prices and supply less at a lower price given the cost
What is elasticity of supply? explain the degrees of elasticity of supply.
Introduction: In the ordinary language or term supply and stock conveys the same meaning but in economics the term supply is different from that of stock. The term supply refers to the amount of commodity