According to the Law of Supply, an increase in the price of laptops results in

Name: According to the Law of Supply, an increase in the price of laptops results in
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Law of Supply states that as the price of an item increases, the quantity supplied of that item to the market also increases, assuming all other factors are constant. This is because producers are more willing to supply more of a product when its price increases, as it becomes more profitable for them.

According to the Law of Supply, an Increase in the Price