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24 August, 23:02

The theory that quantity supplied and price are positively related, other things constant, is referred to as the law of: opportunity cost profit maximization demand supply

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  1. 24 August, 23:53
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    The theory that quantity supplied and price are positively related, other things constant is referred to as the law of supply. The law of supply states that when there is an increase in the prices of goods and services there is also an increase in the supply of such goods and services.
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