0
Best Answer
So the supply also increase's.
Wiki User
∙ 13y agoThis answer is:
Add your answer:
Earn +20 ptsQ: What happens when price of a good increases?
Write your answer...
Submit
Still have questions?
Continue Learning about Economics
According to Adam Smith what happens when the supply of a good decreases?
The price increases-
What usually happens to the price of a good when the demand for it is higher than the supply available?
What ever the demand is it's scarce
What happens to price if supply increases?
Supply will increase.
If supply increases and demand is constant price will what?
In the short run nothing happens to price
What happens when the price of item a increases?
the supply of the item will decrease
Related questions
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
According to Adam Smith what happens when the supply of a good decreases?
The price increases-
When the price of a capital good increases what happens to the price of related consumer goods and services?
Prices increase due to the increase in production costs.
What usually happens to the price of a good when the demand for it is higher than the supply available?
What ever the demand is it's scarce
What happens to price if supply increases?
Supply will increase.
If supply increases and demand is constant price will what?
In the short run nothing happens to price
What happens when the price of movie tickets increases?
You have to pay more.
What happens when the price of item a increases?
the supply of the item will decrease
If a bond price increases what happens to yield to maturity?
The YTM on a Bond versus it's Price is inversely related. Thus when the Price of the Bond Increases, the YTM Decreases.
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What happens to equilibrium price of a commodity if there is decrease in its demand and increase in its supply?
Equilibrium price increases
When there is a scarcity in availability of a raw material what happens to the consumer price?
It Increases...
Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.