Law of supply
Encyclopedia
In economics
, the law of supply is the tendency of supplier
s to offer more of a good at a higher price.
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, the law of supply is the tendency of supplier
Supplier
Supplier may refer to:*Manufacturer, uses tools and labor to make things for sale*Processor , converts a product from one form to another*Packager , encloses products for distribution, storage, sale, and use...
s to offer more of a good at a higher price.