If an item's price increased, manufacturers would produce more of it, according to another Law of Supply. (b)
How does the law of supply affect events?
According to the law of supply, higher prices encourage increased supply and lower prices encourage less supply. Tools for summarizing the link between supply and pricing include additional input and support a particular.
What does the supply-side law say about just what occurs to supply when prices increase?
According to the law of supply, there is an immediate connection between price and amount delivered. In other words, as the price rises, so does the quantity offered.
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