gmonroe8879
Answered

Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Which scenario would cause a producer to increase the supply of a product?

an unchanging demand
an increase in demand
a seasonal decline in demand
a sizable decrease in demand

Sagot :

zitterkoph

Answer:

An improvement in technology that reduces the cost of production will cause an increase in supply. Alternatively, you can think of this as a reduction in price necessary for firms to supply any quantity. Either way, this can be shown as a rightward (or downward) shift in the supply curve.

Explanation:

itsjoyful88

Answer:

An increase in demand

Explanation:

When there is an increase in demand, the producer will increase the supply of a product to fulfill the demand.

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.