1 Under the health care law, you must have qualifying health coverage or pay a fee on your next federal tax return.  The penalty in 2016 is 2.5% of household income or $695 per adult (half of that per child), whichever is higher. Learn more about the fee for not being covered.
The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.
Just as on the demand side, the position of the supply can shift, say from a change in the price of a productive input or a technical improvement. The Law of Supply states that, in general, a rise in price leads to an expansion in supply and a fall in price leads to a contraction in supply.he term economics comes from the Ancient Greek Î¿á¼°ÎºÎ¿Î½Î¿Î¼Î¯Î± from Î¿á¼¶ÎºÎ¿Ï (oikos, house) and Î½ÏÎ¼Î¿Ï (nomos, custom or law), hence rules of the house (hold for good management).