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What will happen to supply if there is an increase in the price of the good?

What will happen to supply if there is an increase in the price of the good?
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What will happen to supply if there is an increase in the price of the good?

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User Sergey Yamshchikov
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1 Answer

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Excess supply will cause price to fall, and as price falls producers are willing to supply less of the good, thereby decreasing output.
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User Hamid Niakan
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