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State the law of Supply using the supply function

Economics

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Here's the answer to part b) again.

b) State the law of Supply using the Supply Function.

The law of supply states that, all else being equal, as the price of a good or service increases, the quantity supplied will also increase, and vice versa. In the given supply function, Qs=20P−100Q_s = 20P - 100, the positive coefficient of PP (which is 20) indicates a direct relationship between price (PP) and quantity supplied (QsQ_s), consistent with the law of supply.

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