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What happens when supply shifts to left and demand shift to the right?
The price of the product will increase as a result from both shifts.
An increase in product price will cause?
the product supply increase. The quntity deman decrease
What happens to price if supply increases?
Supply will increase.
What is an increase in demand likely to lead to?
If there is an increase in demand, there will be increase in the price of the product if the supply remains the same. But if the manufacturer or supplier is able to supply increased quantity of product there will be no major effect.
What happens to equillibrium with an increase in supply?
dont no
What happens when the supply of a product decreases?
Price increses
If price rises what happens to supply for a product?
it rises
What happens when the supply of product decreases?
Price increses
What is expension of supply?
supply expansion refer to the situation where the supply for a particular product is increase across geographical boundary.
Supply has the potential to contribute to what?
Supply has the potential to contribute to demand. When a product is highly demanded, but the supply is low, a producer can increase their price. This process will increase revenue for the business.
What happens when theres an increase in demand follwed by an increase in supply?
Someone makes money
What happens to the supply curve when there is a decrease in production?
Then the price will increase.
