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the price of the product will decrease
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According to Adam Smith what happens when the supply of a product increases?
The price decreases.
If the price of resources increases what will happen to supply?
supply will decrease
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
Supply curves are positively sloped because?
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.
What will happen when the demand for a product increases according to Adam Smith?
Supply increases.
According to Adam smith what happen when the demand for a product decreases?
Supply increases.
What happen when the demand for a product?
When demand decreases, supply increases.
According to Adam Smith what happens when the supply of a product increases?
The price decreases.
According to Adam smith what happened when the supply of product increases?
The price decreases.
According to Adam smith What happens when demand for a product decreases?
Supply increases.
What happens when the supply of product decreases according to Adam smith?
The price increases
What According to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
If the price of resources increases what will happen to supply?
supply will decrease
When according to the law of supply and demand when supply increases what else happens?
According to the law of supply and demand when supply increases, prices will decrease.
When will happen if the sellers in the market increase?
As the Number of Sellers Increases, the Supply of the commodity Increases. As Supply Increases, and demand remains constant, Prices Decrease.
Supply curves are positively sloped because?
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.
