Markets have two sides. One side of a market is the supply side. 1. State the law
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1. State the law of supply.
2. Draw the supply curve. Label each axis.
3. Explain why the supply curve is usually upward-sloping.
4. Explain why the law of supply does not always hold.
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1 The law of supply states that there is a direct relationship between the price o...View the full answer
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