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What would most likely happen to the price of a product if the supply of that product decreased?
Supply is inversely proportional to inflation, so the priceof the product will decrease
If A decrease in price of a product will result in?
increase in demand and decrease in supply.
When demand for an item decreases and the supply increases the price of the item will likely?
The price of the item will likely decrease - as there're more stock than demand for the product.
Which factor would most likely cause the supply of a company's product to decrease?
The company decides to go into a different line of business.
An increase in product price will cause?
the product supply increase. The quntity deman decrease
What would most likely happen to the price of a product if the supply of that product decreased?
Supply is inversely proportional to inflation, so the priceof the product will decrease
If A decrease in price of a product will result in?
increase in demand and decrease in supply.
When demand for an item decreases and the supply increases the price of the item will likely?
The price of the item will likely decrease - as there're more stock than demand for the product.
Which factor would most likely cause the supply of a company's product to decrease?
The company decides to go into a different line of business.
An increase in product price will cause?
the product supply increase. The quntity deman decrease
What will happen when the supply of a product increases According to Adam Smith?
the price of the product will decrease
An increase in the money supply is likely to decrease?
the prime rate
What would cause a decrease in aggregate supply?
Aggregate supply is the supply of all goods and services within a country. Which of the following would most likely cause a decrease in the aggregate supply
What happens to equilibrium when the supply of and demand for a product decrease simultaneously?
When the supply and demand for a product decrease at the same time, the equilibrium price and quantity will both decrease. This is because there is less of the product available and fewer people wanting to buy it, leading to a lower market price and quantity traded.
The Law of Supply and Demand states that if the supply of a product increases then the price of that product will?
The Law of Supply and Demand states that if the supply of a product increases, all other factors remaining constant, the price of that product will decrease. This is because with more supply available, there is less scarcity, leading to a lower price point to entice consumers to purchase the product. Conversely, if the supply decreases, the price will increase due to the heightened scarcity and increased demand for the limited supply.
What would most likely decrease the supply of oranges?
a government subsidy
If supply exceeds demand for a product what economic explanation occurs?
prices decrease
