how is the supply of commodity affected by increase price of other goods.
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♠hey mate..!!
here is ur ans...⚡⚡
It will lead to decrease in margin of profit and firm will decrease the supplyof ice cream. Thus, if price of any input used in production of a commodityfalls, it leads to decrease in cost of theproduction per unit and as a resultsupply of the commodity will increase.
hope it helps!!✌✌
here is ur ans...⚡⚡
It will lead to decrease in margin of profit and firm will decrease the supplyof ice cream. Thus, if price of any input used in production of a commodityfalls, it leads to decrease in cost of theproduction per unit and as a resultsupply of the commodity will increase.
hope it helps!!✌✌
VikashGarg:
Thank you
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