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TextBook Solutions for Punjab School Education Board Class 12 Economics Introductory Microeconomics Chapter 3 Production And Costs
Question 1
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.
Question 3
Question 9
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Mock Test Series
Mock Test Series