What is Supply? Explain the law of supply.
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law of supply: The term supply refers to the amount that is actually offered for sale in the market at a price per unit of time hence supply is a part of the stock. Supply has all the attributes of demand a seller can sell a commodity when he has the…
What is Supply in Economics? Explain its Features.
Meaning of Supply: Features of supply is the important concept of the question but we also study the meaning of supply. In economics, “supply” refers to the quantity of a good or service that producers are willing and able to offer for sale…