asked 61.0k views
3 votes
If the price of hockey pucks goes up from $7.99 to $14.99, what can we expect from suppliers of hockey pucks as a result?

2 Answers

3 votes

Answer: There will be an increase in supply

Step-by-step explanation:

answered
User Soenhay
by
7.6k points
5 votes

Answer:

the quantity supplied of hockey pucks would increase

Step-by-step explanation:

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

As a result of the rise in price of hockey pucks, the quantity supplied of hockey pucks would increase so as to increase their profits.

answered
User CannibalSmith
by
8.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories