Economics · Theory of Supply

The 'Law of Supply' states that there is a direct relationship between the:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Quantity demanded and the cost of production
2Rise in price and the income of consumers
3Price of the commodity and its quality
4Price of the commodity and its quantity supplied✓

Correct answer

Price of the commodity and its quantity supplied

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