Law of Supply
Law of Supply
Glossary Hotel operations management
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Definition of law of supply
Law of Supply: The concept of economics that recognizes, when demand is held constant, an increase in supply leads to a decreased selling price.: Conversely, with demand held constant, a decrease in supply leads to an increased selling price.
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Glossary Hotel operations management
Glossary Hotel operations management index of terms
Definition and meaning of law of supply
Meaning of law of supply
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