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What happens to a supply curve when there's a decrease in production?
Wiki User
∙ 9y ago
Price will increase as less products are available.
Wiki User
∙ 9y ago
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What happens when GDP decreases?
theres less money
This image illustrates a form of production that began to develop in Europe around the 16th century. How was this form of production a consequence of European economic practices in the Americas?
Europeans used colonies in the Americas to provide them with raw materials to be made into finished goods.
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What happens when theres an increase in demand and a decress in supply?
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When there is more supply than demand, there is commonly a drop in price of the product in an effort to increase the demand and achieve the equilibrium between supply and demand once again. Supply and demand are like a see-saw. As supply goes down, demand goes up; as demand goes up, supply goes down.
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Theres a Flood
What happens when GDP decreases?
theres less money
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