divineprincess1771 divineprincess1771
  • 25-08-2020
  • Arts
contestada

How does a decrease in price of input effect supply curve of the commodity

Respuesta :

azikennamdi
azikennamdi azikennamdi
  • 28-08-2020

Answer:

If all other related variables remain constant, a reduction in the cost of raw materials or products would most likely move the supply curve to the right for that product or service.  

   

Explanation:

A decrease in the price of raw materials means more inputs for the same amount of money. Manufacturers/ service providers will likely take advantage of this to produce more especially where the product is non-perishable. This increases the number of goods produced, and prices for that commodity falls.

 

Cheers!

Answer Link

Otras preguntas

how to factor 64x^4 + xy^3
Thirty subtracted from four times a number is greater than the opposite of 10
a quadratic equation with a negative discriminant has a graph that ? plz help
one fourth of the opposite of the difference of five and a number is less than 20
How is the entire noun clause used in the sentence? That these little creatures survive in these small pools of water is amazing. A. Subject B. Object of Prepos
Find each sum or difference 10 1/8 + 3 3/4
nine months is what percent of a year
Determine if the following sentence is cited correctly. -Winston contends that Pluto should continue to be classified as a planet (12).
Write the equation of the given line in standard form y=ax+b: The line containing the midpoints of the legs of a right triangle ABC where A (-5,5), B (1,1) and
what is the slope- intercept form of 24x-8y=56