How profit motive explain the law of supply?

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asked Mar 25, 2018 175k views

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Zforgo · Answer 1 · 2018-03-30T04:32:11+0000

Profit motive produces what people want to get as much profit as possible, thus the demand of the product will rise so the price will rise to regain equilibrium (so demand will decrese) so the supply increases with the price. Hope I helped

How profit motive explain the law of supply?

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