How does a change in Expectations cause a change in supply?

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07-09-2021
Business

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How does a change in Expectations cause a change in supply?

Sagot :

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greatosawe greatosawe · Answer 1 · 2021-09-07T10:40:09-04:00

greatosawe greatosawe

07-09-2021

A change in the number of sellers in an industry changes the quantity available at each price and thus changes supply. An increase in the number of sellers supplying a good or service shifts the supply curve to the right; a reduction in the number of sellers shifts the supply curve to the left.

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