Ask Question
30 October, 23:44

What will happen to supply if there is an increase in the price of the good?

+2
Answers (1)
  1. 31 October, 00:20
    0
    Excess supply will cause price to fall, and as price falls producers are willing to supply less of the good, thereby decreasing output.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What will happen to supply if there is an increase in the price of the good? ...” in 📘 History 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