Law Of Supply,
What is The Meaning of Law Of Supply?
The law of supply is the law of microeconomics, which states that, when other things are equal, when the price of a good or service increases, the quantity of good or service provided by the supplier increases. Happens and vice versa. The law of supply states that when the price of an item increases, the supply seeks to maximize its profit by increasing the number of sales.
- The law of supply states that the higher the price, the more the producer is offered in the market.
- Supply in the market can be represented by increasing supply curves, which show how the quantity supplied reacts to different prices over a period of time.
- When companies try to increase their sales, they will do more if they expect higher prices.
Literal Meanings of Law Of Supply
Law:
Meanings of Law:
A system of rules that a particular country or community has recognized as the actions of its members and can be enforced through sanctions.
Rules that describe the right behavior or conduct in a game.
A factual statement, derived from observation, is that whenever certain conditions are satisfied, some natural or scientific phenomena are found.
The order of God's commandments is expressed in the Bible or other religious texts.
A mound, usually round or conical.
Sentences of Law
He was taken to court for breaking the law
Sports Law
The Second Amendment Law
Morally, Simon was probably an antinomian, an enemy of Old Testament law.
Today I walked in Northbrook Law
Synonyms of Law
guideline, hummock, rise, certainty, rule, high ground, fact, tump, knoll, tor, canon, practice, system of laws, direction, pike, legal code, instruction, commandment, regulation, legislation, mount, convention, precept, mound, ethic, eminence
Of:
Meanings of Of:
It shows the relationship between the part and the whole.
Indicates the relationship between scale or size and value.
Refers to the relationship between two organizations, usually the organization of the association.
It shows the relationship between the address and the reference point.
It represents the relationship between a general type or type and something special belonging to that category.
After a noun that comes from a verb or is related to it.
Identify the component or substance that makes the difference.
Express the hour for the next hour.
Sentences of Of
5% increase
North of Chicago
Nice to meet you
This will be the quarter in New York
Synonyms of Of
caused by, carried out by, from, by, of, in, done by, made by
Supply:
Meanings of Supply:
Give it to someone else (something needed or wanted).
Inventory of resources from which a person or place can get the required amount of these resources.
Sentences of Supply
The farm sends cedar house
It is feared that the drought will limit water supply to the exhibition.
Synonyms of Supply
storehouse, impart, collection, repository, heap, stockpile, grant, contribute, reserve, provide, store, endow, make available, cache, give, bestow, stock, lay on, mass, donate, proffer, come up with, furnish, pile, afford, hoard, reservoir