asked 48.7k views
0 votes
What is the most likely effect of reducing costly regulations on the supply curve for a good?

asked
User Epicrato
by
8.0k points

1 Answer

5 votes
I believe the answer is: The supply curve will not shift to the right

A supply curve would shift to the right if there is an increase in the quantity of product supply. When costly regulations are reduced, the price for a certain product would fall and the producers would reduce their supply because they need to wait for the price to go up in order to make profit.
answered
User Hotenov
by
8.6k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.