SUPPLY, LAW OF


Meaning of SUPPLY, LAW OF in English

Other things being held constant, the higher the price of a good (or service), the larger the quantity of that good (or service) that will be offered for sale in a particular time period.

[See also: supply , supply curve , law of diminishing returns , marginal analysis , marginal productivity ]

English glossary of political economy terms.      Английский глоссарий политико-экономических терминов.