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Assuming that all other things remain unchanged how would suppliers react to a price increase for the product

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User NmDat
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2 Answers

3 votes
Assuming that suppliers are people that sell products to other place( farmers markets etc) they would have to sell their products at a different value, like if a pork became a demand and the price went up farmers would sell it at a lower price to get more customers
answered
User Robert Mao
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8.6k points
4 votes

Answer:

They would react increasing the quantity offered.

Step-by-step explanation:

The law of supply establishes that when all the factors remain the same, if the price of a product increases, the quantity the suppliers offer will increase because they will try to take advantage of the price to have more earnings. According to this, the answer is that suppliers would react to a price increase for the product increasing the quantity offered.

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User Impulse The Fox
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8.8k points

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