define law of supply quantity supplied rises, Microeconomics

+44 141 628 6080
[email protected]

define law of supply quantity supplied rises

Define law of supply.

Quantity supplied rises as price raises, other things constant. In other words, "Other things being equivalent, when the price of a product rises, then sellers tend to supply a large amount of it and when the prices of a product falls, then the sellers tend to supply a smaller amount of it."

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: define law of supply quantity supplied rises

Reference No:- TGS0328176

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : rapport-building here the counsellor tries to

rapport-building here the counsellor tries to establish a rapport and gain the clients trust let us see how we make friend when we meet someone we

Q : what is main difference between nominal money

what is main difference between nominal money supply and real money supply real money supply is the supply of real money in the economy real money

Q : explain the term economic

explain the term economic efficiency answer economic efficiency means full utilization of all available resources in economy ie to produce

Q : define law of demandnb swer quantity

define law of demand answer quantity demanded increases as price falls other things constant in other words other things remaining the

Q : define law of supply quantity supplied rises

define law of supply quantity supplied rises as price raises other things constant in other words other things being equivalent when the price of

Q : what is the difference between a change in demand

what is the difference between a change in demand and a change the quantity demanded there is a distinction among demand and quantity demanded

Q : q locating the problem in diabetes mellitusafter

q locating the problem in diabetes mellitusafter having good rapport with the client and the family you will try to collect the information about the

Q : q planning of diabetes counsellingyou have helped

q planning of diabetes counsellingyou have helped the client to find out various solutions to a problem and understand the coping skills ensured

Q : q implementation of the plan in diabetes

q implementation of the plan in diabetes mellitusyou have helped the client to find out an alternative solution and to develop a plan to solve the

1952880

Questions
Asked

3,689

Active Tutors

1414589

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discussion about idea of the tramp stamp

Jane is doing a study about tattoos. She is interested in studying the idea of the "tramp stamp" (a tattoo in the small of a woman's back).

Identify problems and concerns that contributed

Identify problems and concerns that contributed to the many race-related protests and unrest during the 2020 year.

Cases of local communities using modern technology

Question: Cases of local communities using modern technology to preserve and revive their traditions:

Why does victor coin the term hyper-violence

Why does victor coin the term hyper-violence instead of just using violence? And second, how is hyper-violence display in the Oakland community?

Compare critical feminist theory and power-control theory

Compose a paper that compares and contrasts critical feminist theory and power-control theory as forms of gendered criminology. Your paper should:

How sociological models help understand mental illness

Based on the chapter by Allen Furr on the sociology of mental illness, How do sociological models help you understand mental illness differently

Discussion about cultural appropriation

This week watch the 3 short video clips below about cultural appropriation. These videos will redefine terms like cultural appropriation