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  • 02-02-2017
  • Business
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How profit motive explain the law of supply?

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ddd21
ddd21 ddd21
  • 11-02-2017
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
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