When does the producer increase the supply of a good at given price, give two reasons?
Answers
Answered by
2
Answer:
There is a new set of prices for each quantity (or new quantities for each set of prices). Increase in Supply Producers are willing to produce more of the good at existing prices. Supply shifts to the right. Decrease in Supply Producers aren't willing to produce as much of the good at existing prices.
Explanation:
Similar questions
Business Studies,
5 months ago
Physics,
5 months ago
Math,
9 months ago
Social Sciences,
9 months ago
Chemistry,
11 months ago
Math,
11 months ago
English,
11 months ago