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If the state ends the tax on goods produced in factories would there be an increase or decrease in the supply of goods?
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What are the basis of an increase or decrease in supply?
demand in supply is the basis of it's increase and decrease
How is the law of supply similar to the law of demand?
If the demand for a commodity increases, but the supply does not increase equally, the price will increase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will decrease. If the demand for a commodity decreases, but the supply does not decrease equally, the price will decrease. If the supply of a commodity decreases, but the demand does not decrease equally, the price will increase.
How does the law of supply and demand increase and decrease in supply?
ty
If A decrease in price of a product will result in?
increase in demand and decrease in supply.
State what the law of supply and demand shows and describe how it works?
If the demand for a commodity increases, but the supply does not increase equally, the price will decreaase. If the supply of a commodity increases, but the demand for that commodity does not increase equally, the price will increase. If the demand for a commodity decreases, but the supply does not decrease equally, the price will increase. If the supply of a commodity decreases, but the demand does not decrease equally, the price will decrease
If a company raises its price for holidays over the equilibrium price the demand will decrease the supply?
decrease and the supply will increase.
How does supplies affect the price of a product?
A higher price will cause an increase in supply, assuming that all other factors remain constant. Likewise, a decrease in price will cause a decrease of supply and an increase in demand.
What will happen if Aggregate demand increases and aggregate supply decreases?
An increase in aggregate demand and a decrease in aggregate supply will result in a shortage: there will be more goods and services demanded than that which is being produced.
What will happen if Aggregate demand increases and aggregate supply increases?
An increase in aggregate demand and a decrease in aggregate supply will result in a shortage: there will be more goods and services demanded than that which is being produced.
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.
What is a fiscal policy designed to do?
Increase or decrease the money supply
What happens to the supply curve when there is a decrease in production?
Then the price will increase.
