 "What is Law of supply?")
Law of Supply
About Law of Supply
What is Law of supply?
Supply is the quantity of a commodity which is offered by a firm or a seller at a particular price during a given period of time. In other words, supply is that part of stock which is actually brought into the market for sale. A market supply refers to the quantity of a commodity that all firms are able to offer at a particular price during a given period of time.
Factors affecting supply
There are many factors affecting the supply of a commodity in the market including input costs, price of the commodity, the state of technology at a given
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Latest Updates on Law of Supply
The current 'inflation' is a mystery. FinMin, RBI must tread carefully
At a time of declining incomes, people don't have money. So they do not buy. If they don't buy, prices must fall, not increase. What, then, explains the inflation? T C A Srinivasa Raghavan explores
Updated On : 05 Jul 2021 | 8:21 AM IST
