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Use the example of rulers to explain how the Law of Supply shows that there is a POSITIVE relationship between the price of rulers and the quantity supplied.
in Economics and Finance by Diamond (40,336 points)
recategorized by | 147 views

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As the prices of goods (rulers in this case) and services increase, the quantity of goods (rulers) and services offered by suppliers increases. In other words, the supplier is willing and motivated to provide more of a product (rulers) or service when the price goes up and less when the price goes down.
by Diamond (40,336 points)

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