Explain what happens to supply if the price of a good is expected to rise in the near future.

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asked Jan 23, 2023 45.2k views

2 Answers

Infernouk · Answer 1 · 2023-01-25T08:23:33+0000

If the price of goods increases that would most likely mean they are rare to find and in the near future if a piece of bread costs like $10 then that means they would be harder to get and not an easy find.

Hope this helps :)

Explain what happens to supply if the price of a good is expected to rise in the near future.

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Explain what happens to supply if the price of a good is expected to rise in the near future.