Question and answer
What happens to the supply curve when there is a decrease in production? a. Price will increase. c. Producers will produce more at each and every price. b. Price will decrease. d. Consumers will
increase purchases at each and every price.
a. Price will increase. Understanding demand is only half of the story. To understand the market we also need to understand supply. [ And as on the demand side of the equation, the basic law of supply is common sense: as prices rise, supply (quantity of X on the market) increases; as prices fall, supply decreases. In other words, when the price for a good goes up, suppliers of that good will
produce more. When the price of a good goes down, suppliers produce less. ]
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User: what is the amount a supplier is willing and able to supply at a certain price

User: What happens to the supply curve when there is a decrease in production? a. Price will increase. c. Producers will produce more at each and every price. b. Price will decrease. d. Consumers will increase purchases at each and every price.

Weegy: a. Price will increase. Understanding demand is only half of the story. To understand the market we also need to understand supply. [ And as on the demand side of the equation, the basic law of supply is common sense: as prices rise, supply (quantity of X on the market) increases; as prices fall, supply decreases. In other words, when the price for a good goes up, suppliers of that good will produce more. When the price of a good goes down, suppliers produce less. ]
Expert answered|iam_claudia|Points 7|

User: Which product’s supply could be elastic in the short run? a. large handmade pizzas c. large diamonds b. large handmade rugs d. large jet airplanes

Weegy: b. large handmade rugs. [ The price elasticity of demand measures the responsiveness of quantity demanded to a change in price with all other factors etc - See more at: ]
Expert answered|iam_claudia|Points 7|

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Asked 10/10/2013 6:21:07 AM
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After 1850, practical limitations to competition became evident as industrial and commercial combinations and _______ arose to hamper it. a. government c. big business b. trade unions d. cooperatives
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Updated 86 days ago|3/3/2016 3:18:50 AM
1 Answer/Comment
After 1850, practical limitations to competition became evident as industrial and commercial combinations and trade unions arose to hamper it.
Added 86 days ago|3/3/2016 3:18:50 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [3/3/2016 3:19:44 AM]
Overtime in a perfect competition, what will happen to output, as compared to cost, from the suppliers’ point of view?
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Asked 10/10/2013 10:19:07 AM
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During the 1990s, Sweden restructured its economy to pure capitalism.
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Updated 260 days ago|9/11/2015 10:03:24 AM
1 Answer/Comment
During the 1990s, Sweden restructured its economy to pure capitalism. FALSE.
Added 260 days ago|9/11/2015 10:03:24 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [9/11/2015 10:32:35 AM]
During the 1990s, Sweden restructured its economy to pure capitalism. true or false
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Updated 233 days ago|10/8/2015 4:02:57 AM
1 Answer/Comment
During the 1990s, Sweden restructured its economy to pure capitalism. FALSE.
Added 233 days ago|10/8/2015 4:02:55 AM
This answer has been confirmed as correct, not copied, and helpful.
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