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Which answer would cause an ''increase in supply'' for computers?
Decrease in computer resources cost.
Which answer would cause a ''decrease in supply'' for computers?
Producers expectation of a computer prince increase.
When quantity supplied and quantity demanded increase due to improved technology what happens?
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
A decrease in supply will cause an?
increase in equilibrium price and a decrease in equilibrium quantity, which leads to a shortage at the original price.
What causes both equilibrium price and quantity to increase?
An increase in demand, with supply remaining constant, can cause both the equilibrium price and quantity to rise. This shift often occurs due to factors such as increased consumer preferences, rising incomes, or a decrease in the price of complementary goods. Additionally, if supply decreases while demand remains constant, it can also lead to an increase in equilibrium price, but the quantity may fall in that scenario. Overall, a simultaneous increase in demand and supply can also result in higher equilibrium quantity, and the effect on price will depend on the relative magnitude of the shifts.
Which would cause a decrease in quantity of computers supplied?
A decrease in the quantity of computers supplied can occur due to an increase in production costs, such as higher prices for raw materials or labor. Additionally, supply chain disruptions or shortages of essential components can hinder manufacturers' ability to produce and supply computers. Regulatory changes that impose stricter requirements on production processes could also lead to reduced supply.
Which answer would cause an ''increase in supply'' for computers?
Decrease in computer resources cost.
Which answer would cause a ''decrease in supply'' for computers?
Producers expectation of a computer prince increase.
When quantity supplied and quantity demanded increase due to improved technology what happens?
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
A decrease in supply will cause an?
increase in equilibrium price and a decrease in equilibrium quantity, which leads to a shortage at the original price.
What causes both equilibrium price and quantity to increase?
An increase in demand, with supply remaining constant, can cause both the equilibrium price and quantity to rise. This shift often occurs due to factors such as increased consumer preferences, rising incomes, or a decrease in the price of complementary goods. Additionally, if supply decreases while demand remains constant, it can also lead to an increase in equilibrium price, but the quantity may fall in that scenario. Overall, a simultaneous increase in demand and supply can also result in higher equilibrium quantity, and the effect on price will depend on the relative magnitude of the shifts.
An increase in demand will cause the equilibrium price and quantity to rise?
An increase in demand will cause the equilibrium price to fall and equilibrium quantity to rise.
How does the law of supply affect the quantity supplied?
The law of supply states that, all else being equal, an increase in the price of a good or service leads to an increase in the quantity supplied, while a decrease in price results in a decrease in quantity supplied. This relationship is due to the fact that higher prices incentivize producers to supply more of a product to maximize profit. Conversely, lower prices may cause producers to reduce output or withdraw from the market. Thus, the law of supply directly influences the responsiveness of quantity supplied to price changes.
Give three examples that cause supply to increase?
Three examples that cause supply to increase are overproduction, inflation and lack of demand. Lack of demand for supply can create the supply to increase eventually.
An increase in supply will cause?
An increase in supply will cause a decrease in demand. The value of what is being supplied would also drop.
Will an increase in supply cause an increase in consumer suplus?
yes because increase in supply will cause decrease in price so the purchasing power of consumer will increase as a result of surplus
Will an increase in supply without any changes in demand will cause the price to rise?
No, an increase in supply without a change in demand will cause the price to fall.
