The law of supply is a simple explanation of seller behavior. The law of supply states that: All things equal, the quantity that sellers are willing to sell increases as price increases. Graphically, supply is depicted as fachion upward sloping line on the same graph with price and quantity on the axes, indicating the positive relationship between price and quantity. The reason for this relationship is simple: the higher the price of a product, the more lucrative it is to sell. Indian blankets wool
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