Question

Fifty new food businesses have entered the food market. The supply of food at each price level will _____. increase decrease stay the same

Answer 1

The real answer is that it would be A. INCREASE

Step-by-step explanation:

Options B. and C. were both incorrect.

Answer 2

decrease

Shortage is a situation in which quantity demanded is greater than quantity supplied.

When quantity supplied is equal to quantity demanded, it is called equilibrium of demand. Both supply and demand are equal.

When quantity supplied is greater than quantity demanded, it is called surplus. Excess supply of goods are called surplus.