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According to the law of supply, there is a positive causal relationship between the quantity of a good supplied over a particular time period and its price, ceteris paribus: as the price of the good increases, the quantity of the good supplied also increases; as the price falls, the quantity supplied also falls, ceteris paribus.
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pdfs

  • owner: Martinus - (no access) - ECONOMICS.pdf, p26
  • owner: Manuel - (no access) - Economics - Ellie Tragakes - Second Edition - Cambridge 2012.pdf, p26


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