Explain why supply will not increase when the price of a product increases?
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If the price of a resource used to produce the product increases, this will increase the costs of production and the producer will no longer be willing to offer the same quantity at the same price. They will want a higher price to cover the higher costs. This shifts the supply curve to the left
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If price of product increase , the demand for that particular product decreased because people will not purchase the product due to the high price . So due to decrease in demand their will be no purchase in supply so , supply will not increase .
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