Need urgently please Does expectation of a change in price affect supply

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asked Jan 26, 2021 26.4k views

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Mike Jarvis · Answer 1 · 2021-01-31T14:42:24+0000

Answer:

The expectations that sellers have concerning the future price of a good, which is assumed constant when a supply curve is constructed. If sellers expect a higher price, then supply decreases. If sellers expect a lower price, then supply increases.

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Need urgently please Does expectation of a change in price affect supply

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