Aug 6, 2025 · What Is the Law of Supply? The law of supply, a fundamental concept in microeconomics, asserts that as the price of a good or service rises, suppliers are eager to …

The law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied. [1]

Jul 23, 2025 · What is Law of Supply? Economists have studied the behaviour of both buyers and sellers. They have discovered the law of supply as a result of their findings. The law of supply …

Sep 12, 2022 · The Law of Supply is one of the most basic economic concepts that give an idea of the quantity of goods that a business will produce at a given price. As per this law, the …

Aug 11, 2020 · The law of supply is the microeconomic theory stating that all else being equal, as the price of a good or service increases, the number of goods or services offered will also …

The law of supply is a theory in economics that indicates a direct relationship between price and supply. It suggests that all factors remaining constant, if the price of a commodity increases, it …

What is the Law of Supply? The law of supply is a basic principle in economics that asserts that, assuming all else being constant, an increase in the price of goods will result in a …

Even the introductory theory here can get complicated if you think about it for a while, but the very basic statement that the law of supply makes is: "When the price of a given good is higher, …

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 …

Jul 14, 2022 · What Is the Law of Supply? The law of supply is a basic economic concept. It states that an increase in the price of goods or services results in an increase in their supply. …