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

a. increase
b. decrease
c. stay the same

asked
User Jits
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2 Answers

1 vote

The answer is increase

answered
User Alex Onozor
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7.9k points
6 votes
Fifty new food businesses have entered the food market. The supply of food at each price level will "decrease." Shortage happens when the quantity demanded is greater than quantity supplied. Equilibrium happens when the demand and supply are equal. Excess happens when more supply than the demand of it.
answered
User Jon Wood
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7.4k points

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