The Law of Supply
 Summary by Ishna Rizqi Amalia ( 120720140032)

 This video explained how the level of price will make the differences in quantity supplied.When The price of fried chicken increase it leads the quantity supply to rise, but  when the price decrease it will makes the supply curve moved downward. It is what economics called as The Law of Supply.


The Law of Supply
The positive relationship between price and quantity of good supplied : An increase in market price will lead to an increase in quantity supplied, and a decrease in market price will lead to a decrease in quantity supplied.

References :
Case, Karl E & Ray C.Fair, 1996. Principles of Economics. 4th Edition. Prentice-Hall International