The law of supply states that, other things being constant, …
Source: JAMB · 2023
The law of supply states that, other things being constant, as price increases
Explanation
The law of supply says that when price rises, producers are willing to sell more, so the quantity supplied increases.
Do not confuse this with a rise in supply. Supply itself changes only when other things, such as the cost of production, change. A price change only moves us along the same supply curve.
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