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24 May, 09:28

What is the definition of the law of supply, and what are the factors that will cause a shift in the supply of a product?

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  1. 24 May, 09:48
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    The law of supply is a microeconomic law which says " ... all other factors being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer will increase, and vice versa ..."
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