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The theory of the firm under perfect competition — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsThe theory of the firm under perfect competition1 Mark
Question
State the law of supply.
✓

Answer

It states that price of the commodity and quantity supplied are positively related to each other when other factors remain constant (ceteris paribus).

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