Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Topic started by: Md. Alamgir Hossan on April 03, 2017, 05:08:07 PM

Title: What is law of Supply?
Post by: Md. Alamgir Hossan on April 03, 2017, 05:08:07 PM
In a specific period, when other things constant, If the price of any goods and service is increased the supply of that goods/service will be increased. On the other hand, If the price of any goods and service is decreased the supply of that goods/service will be also decreased, that types of positive relationship between quantity supply and price is said to be a supply law.
Symbolically, 
P↑S↑   
P↓S↓