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  • 28-01-2021
  • Business
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An application of the Law of Supply is,

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sal767646 sal767646
  • 03-02-2021

Answer:The law of supply says that a higher price will induce producers to supply a higher quantity to the market. Supply in a market can be depicted as an upward sloping supply curve that shows how the quantity supplied will respond to various prices over a period of time.

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