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Sagot :
Answer:
If the price of foam blanks used in surfboard production falls,what will happen in the market for surfboards?The supply of surfboard will rise, putting download pressure on price.
Answer:
The supply of surfboards will rise, putting downward pressure on price.
Explanation:
One of the determinants of supply is input costs. If input prices fall, costs of production fall, and the quantity supplied of a product at each price will rise. Thus, the supply curve for surfboards will shift to the right. Given a downward-sloping demand curve, price will fall.
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