Ask Question
19 July, 03:51

How might a producer of bicycles adjust the quantity supplied when prices decrease?

+5
Answers (1)
  1. 19 July, 04:15
    0
    The producer will decrease the quantity of bicycle production. In the basic Laws of supply and demand, when price decreases there is an increase of supply. Therefore the decrease of price suggest that there is an increase of supply in the market. Also as the price decreases profitability also decreases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How might a producer of bicycles adjust the quantity supplied when prices decrease? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers