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Glossary Political Economy / Term

Supply, law of

(law of Supply) Other things being held constant, the higher the price of a good (or service), the larger the quantity of that good (or service) that will be offered for sale in a particular time period.

[See also: supply, supply curve, law of diminishing returns, marginal analysis, marginal productivity]

Permanent link Supply, law of - Creation date 2020-06-14


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