In regards to supply, the law of supply and demand states that as ________________

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02-10-2014
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In regards to supply, the law of supply and demand states that as ________________

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Gibbs Gibbs · Answer 1 · 2014-10-02T15:49:21-04:00

Gibbs Gibbs

02-10-2014

The law of supply and demand states that as demand increases so to will supply increase to meet the quantity demanded. Depending on whether it is a move along the curve or a shift of the curve will depend on the price increase and also how far the supply curve will shift or if the amount supplied will only shift along the supply curve.

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