Question

Apple price goes down what will be the effect on supply and demand ?

Answer 1

Answer:

A FIRM'S SUPPLY CURVE IS THE QUANTITY OF APPLES SUPPLIED AT VARIOUS PRICES PER UNIT OF TIME. ... AN INCREASE IN PRICE INCREASES THE QUANTITY SUPPLIED. A DECREASE IN PRICE DECREASES THE QUANTITY SUPPLIED. Just as in the case of demand, we make a distinction between a change in the quantity supplied and a change in supply....!!!

Explanation:

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