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16 March, 00:48

What is the most likely effect of reducing costly regulations on the supply curve for a good?

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  1. 16 March, 04:20
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    I believe the answer is: The supply curve will not shift to the right

    A supply curve would shift to the right if there is an increase in the quantity of product supply. When costly regulations are reduced, the price for a certain product would fall and the producers would reduce their supply because they need to wait for the price to go up in order to make profit.
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