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A decrease in the quantity of computers supplied can occur due to an increase in production costs, such as higher prices for raw materials or labor. Additionally, supply chain disruptions or shortages of essential components can hinder manufacturers' ability to produce and supply computers. Regulatory changes that impose stricter requirements on production processes could also lead to reduced supply.
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How does the law of supply affect the quantity supplied?
The law of supply states that, all else being equal, an increase in the price of a good or service leads to an increase in the quantity supplied, while a decrease in price results in a decrease in quantity supplied. This relationship is due to the fact that higher prices incentivize producers to supply more of a product to maximize profit. Conversely, lower prices may cause producers to reduce output or withdraw from the market. Thus, the law of supply directly influences the responsiveness of quantity supplied to price changes.
When input price increases will it cause change in demand or change in quantity and in what direction?
An increase in input prices typically leads to a change in supply rather than a direct change in demand. As production costs rise, suppliers may reduce the quantity supplied at existing prices, resulting in a decrease in supply. This decrease in supply can lead to higher prices for consumers, which may then reduce the quantity demanded. Thus, the initial effect is a decrease in supply, which can lead to a decrease in quantity demanded due to higher prices.
Which answer would cause a ''decrease in quantity supply'' for Fuzzy Wuzzies?
Decrease in the price of Fuzzy Wuzzy.
What would cause a decrease in quantity of circulating red blood cells?
decrease in oral intake
A decrease in supply will cause an?
increase in equilibrium price and a decrease in equilibrium quantity, which leads to a shortage at the original price.
Which answer would cause an ''increase in quantity supply'' for computers?
Increase in the price of computer.
An increase in supply will cause?
An increase in supply will cause a decrease in demand. The value of what is being supplied would also drop.
Which answer would cause an ''increase in supply'' for computers?
Decrease in computer resources cost.
Which answer would cause a ''decrease in supply'' for computers?
Producers expectation of a computer prince increase.
When quantity supplied and quantity demanded increase due to improved technology what happens?
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
What will cause the curve to shift inwards?
A curve can shift inwards due to a decrease in demand or supply. For demand curves, this may result from factors like a decrease in consumer income, a drop in consumer preferences, or an increase in the price of substitutes. For supply curves, factors such as increased production costs, supply chain disruptions, or regulatory changes can lead to a leftward shift. Essentially, any event that reduces quantity demanded or supplied at given prices will cause the curve to shift inwards.
What cause demand to decrease?
An decrease in demand may arise from: A increase in the price of a complementary good An decrease in the price of a substitute good An decrease in income (of consumers) Decrease in QUANTITY demanded: when the price of the commodity is high. it is a well known concept in economics which is called the law of demand. It states there that as price increases quantity demanded decreases vice versa, cereris paribus (all other factors remain unchanged). Demand will decrease if the price rises because fewer people will be able to afford it.
