Price and supply of a commodity move in the same direction- Justify the statement-

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Price and supply of a commodity move in the same direction- this is a true statement-Law of supply states that other things remaining constant- there is a -positive relationship between price and quantity supplied- When the -price rises- supply also rise and vice-versa-

Price and supply of a commodity move in the same direction. Justify the statement.

Price and supply of a commodity move in the same direction.- this is a true statement.Law of supply states that other things remaining constant, there is a positive relationship between price and quantity supplied. When the price rises, supply also rise and vice-versa.