3. When the price of a
competitive good fealls
supply :-
Answers
Answered by
4
When the price of a good falls, there is a movement down along the supply curve and a decrease in the quantity supplied. Market equilibrium occurs when the quantity demanded equals the quantity supplied—buyers' and sellers' plans are consistent.
Answered by
0
decrease
Explanation:
As demand of competitive good increse as a result demand of actual good decrease.. as a result supply of actual goods decrease
Similar questions
English,
1 month ago
Social Sciences,
1 month ago
Sociology,
2 months ago
Geography,
9 months ago
Environmental Sciences,
9 months ago
History,
9 months ago