The price decreases.
Supply increases.
the price of the product will decrease
The price decreases.
The price increases
Supply increases.
Supply increases.
According to the law of supply and demand when supply increases, prices will decrease.
According to the law of supply and demand when supply increases, prices will decrease.
When demand decreases, supply increases.
The Supply Curve has a positive slope because as the selling price of the product increases, the willingness of producers to create that product increases as well. With the greater incentive to make that product, production will rise in direct proportion to how much price increases.
When demand decreases, supply increases.
The Law of Supply and Demand states that if the supply of a product increases, all other factors remaining constant, the price of that product will decrease. This is because with more supply available, there is less scarcity, leading to a lower price point to entice consumers to purchase the product. Conversely, if the supply decreases, the price will increase due to the heightened scarcity and increased demand for the limited supply.