Law of Supply does not indicate the magnitude of change in quantity supplied of a commodity due to change in its price

Law of Supply does not indicate the magnitude of change in quantity su

1.	Law of Supply does not indicate the magnitude of change in quantity supplied of a commodity due to change in its price
Answer» Solution :True. Law of SUPPLY is a QUALITATIVE STATEMENT. It INDICATES the DIRECTION of change in quantity supplied and not the magnitude of change.