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The law of supply is that producers will supply more the higher the price of the commodity. The supply curve is an upward sloping function showing a direct relationship among prices and the quantity supplied. In other words, the supply curve has a positive slope that represents that as price increase (reduces) so too does quantity supplied.
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
causes of monopoly
x-3y+6z=1 2x-5y+10z=0 3x-8y+17z=1
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