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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.
Explain the role of managerial ecnomist in kissan &dipsy fro ub group
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is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
ExplainBainlimitpricetheory
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