The analysis of supply in markets for barge, truck and rail transportation.
Concept Introduction:
Law of Supply- The law establishes a direct relationship between
Increase/Decrease in Supply- Change in supply consequent upon a change in the factors other than price cause the supply to increase or decrease. Change in technology, cost of the factors of production, factor productivity etc, for example, are factors that lead to a change in the supply among other factors. Prices remaining unchanged, these factors cause the supply curve to shift inward or outward.
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