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NCERT Solutions for Class 12 Economics Introductory Microeconomics Chapter 3 Production And Costs

Production And Costs Here is the CBSE Economics Chapter 3 for Class 12 students. Summary and detailed explanation of the lesson, including the definitions of difficult words. All of the exercises and questions and answers from the lesson's back end have been completed. NCERT Solutions for Class 12 Economics Production And Costs Chapter 3 NCERT Solutions for Class 12 Economics Production And Costs Chapter 3 The following is a summary in Hindi and English for the academic year

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-2025-26. You can save these solutions to your computer or use the Class 12 Economics.

Question 1
CBSEENEC12012180

What is meant by law of supply?

Solution
The law of supply states, 'Other things being constant, quantity supplied of a commodity is directly related to the price of commodity', i.e., supply rises when price rises and supply falls when price falls.

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