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Illustrate the Law of supply

Illustrate the Law of supply?

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1. Producers will produce and sell more of their product at a high price than at a low price.

2. Restated: There is a direct relationship between price and quantity supplied.

3. Explanation: Given product costs, a higher price means greater profits and thus an incentive to increase the quantity supplied.

4. Beyond some production quantity producers usually encounter increasing costs per added unit of output.

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