Identify and explain the concept from given illustration.A seller has – InterviewSolution

1.	Identify and explain the concept from given illustration.A seller has go to village urgently. So, he sells his product at low price even if other seller are selling similar product at higher price. Given economic reason in what way it is related to the law of supply.
Answer» This is an exception to the law of supply. As per the law, more is sold at higher price and less at lower price. In this case an individual seller is in need of cash, as he has to go to village urgently, so he has to sell his product at lower price.

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