What does Law of Supply mean?
Economic principle stating that an increase in price results in an increase in quantity supplied.
According to the Law of Supply, producers will offer more of a good at a higher price.
Law of Supply in German, French, Spanish and Italian
GermanGesetz des Angebots
Beschreibt den direkten Zusammenhang zwischen Preis und Angebotsmenge.
FrenchLoi de l'offre
Principe voulant que l'offre augmente quand le prix s'élève.
SpanishLey de la oferta
Establece que a mayor precio, mayor es la cantidad ofrecida.
ItalianLegge dell'offerta
Relazione diretta tra il prezzo di un bene e la quantità offerta.
Common phrases with Law of Supply
- according to law of supply
- principle law of supply
- quantity supplied law of supply