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Answer to Question #52630 in Economics of Enterprise for Owais

Question #52630
other things remaining the same, what would happen to the supply of a particular commodity if the following changes occur,
a. the price of the commodity decreases.
Expert's answer
According to Supply Law if price of commodity decreases then Supply also decrease.
Suppliers are not ready to provide market with low prices because they need to return their costs and earn profit.

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