Law of Supply | Meaning, Assumptions & Diagram | Class 11 Economics | Easy Explanation
Автор: Aspire Academy by Ishikaa
Загружено: 2026-01-10
Просмотров: 112
Описание:
In this video, we explain the Law of Supply in a simple and clear way for Class 11 students.
The Law of Supply states that other things remaining the same, there is a direct relationship between price and quantity supplied. When the price increases, supply increases, and when the price decreases, supply decreases.
The video also covers:
• Relationship between price and supply
• Example for better understanding
• Determinants of supply such as cost of production, technology, government policy, number of sellers, and expectations
This video is exam-oriented, easy to understand, and helpful for board preparation.
Topic: Law of Supply
Subject: Economics
Class: 11
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