Law of Supply
Watch this video about the law of supply as it is graphed with an economic model. Make sure to go back to the main reading Unit 2.3 to learn that the law of supply states that a rise in prices makes producers want to sell more of that product in order to earn more revenue from their sales.
Source: Khan Academy
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Friday, February 26, 2021, 3:18 AM