asked 23.0k views
4 votes
One day a supplier supplied 300 units of a good at $20 per unit. A week later the same supplier supplied the same number of units at $10 per unit. Based on this evidence the supplier has experienced:

a
a decrease in quantity supplied.
b
an increase in supply.
c
a decrease in supply.
d
an increase in quantity supplied.
e
no change in supply or demand.

asked
User Sargam
by
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2 Answers

5 votes

B: An increase in supply.

answered
User Keita
by
8.2k points
2 votes

I would say B cause if you got more of something it's usually less demanded so to adjust and earn some kind of profit the price is lowered due to an increase in supply

answered
User Psibar
by
7.8k points

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