what does the law of supply suggest

Answers

Answer 1
Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. In other words, when the price paid by buyers for a good rises, then suppliers increase the supply of that good in the market. law of supply. the principle that, other things equal, an increase in the price of a product will increase the quantity of it supplied, and conversely for a price decrease; directly related. Th main reasons for operation of law of supply are:
Profit Motive: The basic aim of producers, while supplying a commodity, is to secure maximum profits. ...
Change in Number of Firms: ADVERTISEMENTS: ...
Change in Stock: ...
Future Expectations: ...
Agricultural Goods: ...
Perishable Goods: ...
Rare Articles: ...
Backward Countries; The Law of Supply states that: as prices rise, the quantity supplied increases. as prices fall, the quantity supplied decreases. The law of supply ensures that producers make the most money possible. When goods sell for a higher price, producers tend to make more money. The law of supply states that the quantity of a good supplied (i.e., the amount owners or producers offer for sale) rises as the market price rises, and falls as the price falls. Conversely, the law of demand (see demand) says that the quantity of a good demanded falls as the price rises, and vice versa. The law of supply summarizes the effect price changes have on producer behavior. For example, a business will make more video game systems if the price of those systems increases. The opposite is true if the price of video game systems decreases. Price is what the producer receives for selling one unit of a good or service. ... Economists call this positive relationship between price and quantity supplied—that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied—the law of supply. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph. Alfred Marshall. After Smith's 1776 publication, the field of economics developed rapidly, and refinements were to the supply and demand law. In 1890, Alfred Marshall's Principles of Economics developed a supply-and-demand curve that is still used to demonstrate the point at which the market is in equilibrium. Key Takeaways. Supply and demand are both important for the economy because they impact the prices of consumer goods and services within an economy. According to market economy theory, the relationship between supply and demand balances out at a point in the future; this point is called the equilibrium price. Definition: Law of supply states that other factors remaining constant, price and quantity supplied of a good are directly related to each other. In other words, when the price paid by buyers for a good rises, then suppliers increase the supply of that good in the market.
Answer 2

Answer:

The law of supply is the microeconomic law that states that, 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.

Explanation:


Related Questions

Help me 18 points?!!! Anyone? Please ✌

Answers

Answer:

a

Explanation:

A key issue in the post-Civil War era, the 14th Amendment guarantees which of the selections below under the laws for all citizens?

Answers

Answer:

I think the answer is B. A fair trail

Explanation:

Answer:

equal protection

Explanation:

during the blank the day
and night are nearly equal in length

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During the equinoxes which happens in September and March.The day and night are equal in length.


8. Cordoba and Baghdad were
a. Conquered by the Mamluks
b. Centers of learning in Dar al-Islam
c. Islamic territories lost after the battle of Tours
d. Cities under attack during the Crusades

Answers

Answer:

b

Explanation:

ILL GIVE YOU BRAINLIEST PLS FAST. Which of these would have been MOST likely to have been built by the Catholic Church in the American southwest in the 1700s?
A) fortresses
B) missions
C) ports
D) presidios

Answers

Answer:

B) Missions

Explanation:

Missions would have been MOST likely to have been built by the Catholic Church in the American southwest in the 1700s.

Hope this helps!

Please help asap!! Thank you so much

Answers

Answer:

It has to None of the above

Explanation:

Freedman's bureau didn't get terrorized by them, African American leaders in the south weren't either, and the answer Both A and B makes no sense that is B so it would practically just be saying A which is wrong. So therefore I believe it's C; None of the above.

Hope this helps :)

what is the most important geographic feature when selecting land for a colony

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Answer: water is the most Important geographic feature when selecting land for a colony

Explanation:

If you dont have any water, then you cant survive

Battle battle of horseshoe band in 1814 was a turning point in the war of 1812 because

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Answer: A: American Indian power in the region greatly decreased following the fight.

Explanation: hehe boi you already know it A!

An Ottawa chief named ___ led a rebellion against the British and the colonists.

Answers

Answer:

Chief Pontiac

Explanation:

Im positive im right

Answer:

Pontiac

Explanation:

led a loosely united group of American Indian tribes against the British in a series of attacks, referred to as Pontiac's Rebellion (1763-1766). hope that helps.   :)

15th Amendment * Abolished slavery Suits between states Separate elections for president and vice president Direct election of senators Protection of rights of all citizens regardless of race Federal income tax African-American males given the right to vote Lame Duck period - Congress begins on Jan. 20, President starts on Jan. 30 Prohibition Women gain right to vote

Answers

Answer:

African-American males given the right to vote.

Explanation:

The 15th Amendment which was enacted in 1870 guaranteed African-American males the right to vote. It boldly stated that voting rights would not be denied to any individual on the basis of “race, color, or previous condition of servitude.”

The 15th Amendment was enacted after 13th and 14th Amendment were passed which guaranteed freedom and citizenship to African-Americans respectively. It was a great leap to the struggle of equality which was yet to come in the future.

Explain narcissism?

Pls help lol

Answers

a person who is overly self-involved, and often vain and selfish.

Answer:

Narcissism is the pursuit of gratification from vanity or egotistic admiration of one's idealised self image and attributes. The term originated from Greek mythology, where the young Narcissus fell in love with his own image reflected in a pool of water.

Explanation:

Modern period is more civilized ,why?​

Answers

Answer:

Modern people are generally more educated. They have more resources to expend on formal and informal education and more access to sources of information and more free time in which to absorb these sources. They better understand the consequences of their actions. They are generally better fed and less desperate.

Industrial Working Conditions, 1900
• Low pay
Child labor
.
What solutions would a labor union demand to solve the working problems above?

Answers

Answer:

i belive child labor because its just cruel

Which of the following can be drawn from this map Early human Migration

Answers

The answer for this question is Africa

How were goods carried along the silk road?

a) by oxen

b) by horses

c) by camels

d) by elephants

Answers

Answer:

C

Explanation:

Camels

Answer:

Its C: Camels are correct

Explanation:

how do YOU think the environment affected the way the early Americans lived

Answers

Answer:

Colonization ruptured many ecosystems, bringing in new organisms while eliminating others. The Europeans brought many diseases with them that destroyed Native American populations. Colonists and Native Americans alike looked to new plants as possible medicinal resources.

Explanation:

The laws and policies of a theocratic government are based on __________.
A.
rule by a constitutional monarch
B.
the balance between parliament and an executive leader
C.
equal representation for each member state
D.
religious principles and beliefs

Answers

Answer:

D

Explanation:

theocratic is the rule by which is based upon religion

Answer:

d

Explanation:

After the French and Indian War, France _____.


was left with a large debt

developed a sense of unity

lost nearly all of its North American possessions

fought colonists who settled the Ohio River valley

Answers

After the French and Indian War, France was left with a large debt.

What would humans be like, if they weren’t self-aware?

Answers

Answer:

They would revert to typical animal behavior.

Explanation:

If the human brain wasn't so advanced, we would all function the same way other species do with the mindset of: Hunt, Populate, Survive.

Answer:

Start by working on your own emotional awareness. Remain aware of your emotions, and walk yourself through ways to control your resulting reactions. With increased awareness, you'll be able to better understand others' emotions and anticipate or empathize with their perspective. Get uncomfortable.

Explanation:

7 Signs You're Not as Self-Aware as You Think

You're a bully. If you didn't have emotions, you wouldn't be human. ...

You're defensive. ...

You're controlling. ...

You're passive aggressive. ...

Your behavior changes. ...

You're grandiose. ...

You make excuses

What are four names given to Louisiana's most important river?

Answers

Answer:  List of rivers of Louisiana (U.S. state). Contents. 1 By drainage basin. 1.1 Gulf of Mexico. 1.1.1 East of the Mississippi; 1.1.2 Mississippi River. 1.1.2.1 Distributaries; 1.1.2.2 Tributaries; 1.1.2.3 Red River. 1.1.3 Gulf west of the Mississippi. 2 Alphabetically; 3 References; 4 See also ... USGS Geographic Names Information System; USGS Hydrologic Unit Map

Explanation: Have a good day

If you are motivated for and excited about achieving your long-term goals, you are demonstrating grit.

True
or
False

Answers

Answer:

the answer is true not false

Which estate did the nobles belong to?

Answers

Answer:

The Second Estate

Explanation:

The monarchy included the king and the queen, while the system was made up of clergy (The First Estate), nobles (The Second Estate), peasants and bourgeoisie (The Third Estate).

What did the 5 major rivers have in common

Answers

They are all bodies of water

Answer:

Explanation:

Five Major U.S. Rivers. SS3G1 The student will locate major topographical features. a. Identify major rivers of the United States of America: Mississippi, Ohio, Rio Grande, Colorado, Hudson, Johns River and the Nile River are the only two rivers in the world that flow north." In this editorial he explains that there are hundreds of rivers that flow north and; in fact, the St. Johns River flows south as well

How does trade impact the diffusion of religion?

Answers

It introduces other parts of the world to new things and ideas, its like migration but instead of people moving its different ideas and beliefs, and things pertaining to religion

four main weakness of the articles of confederation

Answers

Answer:

Congress was unable to impose taxes; it could only borrow money on credit. No national court system was established to protect the rights of U.S. citizens. No executive branch was established to enforce laws. Amendments could be added only with the approval of all 13 states.

Explanation:

hope this helps

What is one similarity between the lungs and capillaries? (5 points)

What features in the Western half of the country explain why less people live there?

Answers

Answer:

Hello!!! Princess Sakura here ^^

Explanation:

The lungs and capillaries are both involved in gas exchanges.

There are many mountains in the west and people tend to live in flat lands to grow their crops.

Answer:

They are both involved in gas exchanges.

Explanation:

rich person of world​

Answers

Answer:

The richest person of the world is Jeff Bezos

ASAP PLSS HELP How does this amendment 1-4 applies to minors

Answers

Answer:

Regardless of age, amendments 1-4 can be applied to anybody residing in the  United States.  Generally speaking, the Constitution applies to everyone regardless of age, color, race, religion, or other factors. But minors don’t always enjoy full constitutional rights. The Fifth Amendment, for example, guarantees “liberty,” which means that the State can’t hold you against your will, unless you’ve done something wrong. But in the case of minors, the State requires them to spend all day in an institution, often against their will--it’s called school, and kids have to go there even if they haven’t done anything wrong.  An example for the 1st Amendment would be, Students do not “shed their constitutional rights to freedom of speech or expression at the schoolhouse gate"( A quote for the landmark Supreme Court Case, Tinker v. Des Moines Independent Community School District 1969)

Explanation:

How did Marqués de Rubí affect the Spanish mission system in Texas?

Answers

Answer:

The Marqués de Rubí whose 1766 military inspection of Presidio Los Adaes led to its closing and the decision to shut down all of the Spanish missions in East Texas, including Mission Dolores in 1774

Explanation:

Answer:

he shut down all of the Spanish missions in East Texas,

Explanation:

how did the development of cuni

Answers

Answer:

Do you have a bit more based on your question?

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