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Will the supply of a good be more elastic if the price of the good increases?
Yes, the supply of a good will be more elastic if the price of the good increases.
How does the law of supply influence sellers' decisions to increase the supply of a good?
The law of supply states that as the price of a good increases, sellers are more willing to supply more of that good. This influences sellers to increase the supply of a good because they can make more profit by selling more at higher prices.
What is sudden drop in the supply of a good called?
supply shock
If sellers expect the price of a good to rise in the future what are they likely to do?
If sellers expect the price of a good to rise in the future, they are likely to withhold some of their current inventory from the market to sell later at the higher anticipated price. This can lead to a temporary decrease in supply, which may drive prices up even further in the short term. Additionally, sellers may increase production or acquire more of the good to maximize profits when prices rise.
What is the difference between supply function and supply curve?
supply function can be defined as the quantity of a good.
When the number of producers in particular industries increases you can expect supply to?
increase
When the number of producers in a particular industry increases you can expect supply to?
Increase
Did the England expect of its new world colonies?
A constant supply of raw materials
What is a sentence with the word expect in it?
She did not expect much.When can we expect him to be over?I expect you to get a good grade.
What should a person expect when they go into a tractor supply store?
When going int o a tractor supply store, one should expect a wide range of products for a wide range of brands. Otherwise, it would be necessary to purchase directly from the manufacturer.
Will the supply of a good be more elastic if the price of the good increases?
Yes, the supply of a good will be more elastic if the price of the good increases.
What is sudden drop in the supply of a good?
supply shock
How does the law of supply influence sellers' decisions to increase the supply of a good?
The law of supply states that as the price of a good increases, sellers are more willing to supply more of that good. This influences sellers to increase the supply of a good because they can make more profit by selling more at higher prices.
What is your personalities?
be a good person for others, never expect much from others,but never hurt those who expect from you...... in this way you can be a good person
What is sudden drop in the supply of a good called?
supply shock
What does a supply schedule is characterized by which?
It lists supply for a specific good.
If sellers expect the price of a good to rise in the future what are they likely to do?
If sellers expect the price of a good to rise in the future, they are likely to withhold some of their current inventory from the market to sell later at the higher anticipated price. This can lead to a temporary decrease in supply, which may drive prices up even further in the short term. Additionally, sellers may increase production or acquire more of the good to maximize profits when prices rise.
