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Explain the say's law in economics?
states that supply creates its own demand.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Explain the law of supply in your own words?
Law of supply: If demand is held constant, an increase in supply leads to a decreased price, while a decrease in supply leads etc
The law of supply implies that the supply curve is?
Upward-sloping
What causes supply to grow as price rises?
law of supply
Say coined by Jean-Baptiste Say what does Say's Law say?
Supply creates demand
Explain the say's law in economics?
states that supply creates its own demand.
Law of demand and supply?
Consumers is the law of supply and demand.
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
Where can one find information regarding the law of supply?
The law of supply is a fundamental principle of economic theory. One can find information about the law of supply on various websites like Wikipedia and Investopedia. These sites provide a lot of information regarding the law of supply.
Explain the law of supply in your own words?
Law of supply: If demand is held constant, an increase in supply leads to a decreased price, while a decrease in supply leads etc
How does the law of supply and demand increase and decrease in supply?
ty
The law of supply implies that the supply curve is?
Upward-sloping
What causes supply to grow as price rises?
law of supply
How much is the Demand and supply for Durian Jam?
The price having stablised, by Say's Law the supply and demand must be equal. The quantity of Jam is unspecified, so the "much" that you enquire about cannot be found.
Why does law of demand and law of supply conflict with each other?
It's the law of supply and demand, as described by Adam Smith in his book "The Wealth Of Nations". Just one law, no conflict.
