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What causes an increase in the quantity supplied?
when the price of the commodity increases
Why does a producer not increase quantity supplied in response to price increase?
Producers only increase quantity supplied in response to DEMAND increases. They only want to make as much as someone will buy.
What happends when quantity supplied is less than quantity demanded?
Generally, prices will fall and only rise again when demand increases.
What happens after the demand for a fad drops?
The price goes down, and the quantity supplied goes up
What happens to a market in equilibrium when there is an increase in supply?
Quantity supplied will exceed quantity demanded, so the price will drop.
What causes an increase in the quantity supplied?
when the price of the commodity increases
Why does a producer not increase quantity supplied in response to price increase?
Producers only increase quantity supplied in response to DEMAND increases. They only want to make as much as someone will buy.
What happends when quantity supplied is less than quantity demanded?
Generally, prices will fall and only rise again when demand increases.
What happens after the demand for a fad drops?
The price goes down, and the quantity supplied goes up
What happens to a market in equilibrium when there is an increase in supply?
Quantity supplied will exceed quantity demanded, so the price will drop.
What happens when quantity demanded exceeds quantity supplied?
Graphically, the Y axis is price and the X axis is quantity. The demand curve slopes downward, while the supply curve slopes upward. When quantity demanded exceeds quantity supplied the market is out of equilibrium. As a result, the price of goods increases, thereby decreasing the quantity demanded. This is characterized as a move up along the demand curve and not a shift. Changes in endogenous variables, ie price and quantity, are just movements along the curve.
What statement refers to the law of supply?
Law of supply states that other factors remaining constant, supply is the function of its price where an increase in price of the commodity increases quantity supplied in the the market and a decrease in price reduces quantity supplied.
A change in quantity supplied is the result of what?
a change in quantity supplied is the result of
What happens to the quantity demanded for credit if the cost of borrowing increases or decreases?
As the cost of credit increases, the quantity demand decreases. in contrast, if the cost of borrowing drops, the quantity of credit demand rises.
What happens to quantity supplied when price is lowered?
The price could go up or down (ambiguous) but the quantity definitely would decrease
An increase in quantity supplied represented by?
An increase in quantity supplied is represented by demand.
How do you use quantity supplied in a sentence?
The quantity supplied the house for forty years.
