Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: 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: 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. ]
Get an answer
Original conversation
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|

Question|Rated bad
Asked 10/10/2013 6:21:07 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
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
Question
Expert Answered
Updated 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 3/3/2016 3:18:50 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/3/2016 3:19:44 AM]
26,656,425 questions answered
Popular Conversations
What is 3x3 11x2 26x 30 divided by x 5?
Weegy: 3X3 = 9 11X2 = 22 26X30 = 780
2/20/2018 7:03:35 PM| 9 Answers
Which country was first to Settle in the Louisiana area?
Weegy: The first country to settle in the Louisiana area was France.
2/22/2018 10:08:51 PM| 3 Answers
Solve this equation: 2s + s + 12 = 132. A. s = 120 B. s = –30 C. s = ...
Weegy: 2s + s + 12 = 132 User: 2s + s + 12 = 132. Weegy: 2s + s + 12 = 132 User: . Solve the inequality: 12p + 7 > ...
2/24/2018 3:39:46 AM| 3 Answers
Solve for x. 4x + 3 < 9
2/18/2018 11:19:06 AM| 3 Answers
Simplify and solve this equation for q: 3q + 5 + 2q – 5 = 65. ...
Weegy: 3q + 5 + 2q - 5 = 65 User: Solve the following inequality: 38 4 B. x 28 Weegy: 38 User: Use an ...
2/19/2018 12:26:32 AM| 3 Answers
What is equilibrium?
Weegy: Equilibrium is the state in which market supply and demand balance each other and, as a result, prices become ...
2/21/2018 9:09:11 PM| 3 Answers
Write 10 5/12 as an equivalent improper fraction.
Weegy: 10 5/12 in improper fraction form is 125/12. User: Subtract: 8 – 4 1/2
2/15/2018 12:27:39 AM| 2 Answers
In the decimal number .675, the 7 holds what place value? A. ...
Weegy: In the decimal number .675, the 7 holds - Hundredths place. User: Find the value of 8.3 × 24.2 × 0.03. ...
2/22/2018 2:04:24 PM| 2 Answers
Find the difference between the product of 21.33 and 2.04 and the sum ...
Weegy: (21.33 * 2.04) - (1.115 + 3.18 + 22.0613 + 12.2384) User: Which is another way to check the sum of 52 + 23 + ...
2/22/2018 8:00:08 PM| 2 Answers
Which country was first to Explore Louisiana? France Spain England
Weegy: France was the first country to explore Louisiana.
2/22/2018 10:05:40 PM| 2 Answers
Weegy Stuff
S
L
Points 404 [Total 407] Ratings 13 Comments 244 Invitations 3 Offline
S
Points 89 [Total 89] Ratings 0 Comments 19 Invitations 7 Offline
S
P
L
P
P
Points 77 [Total 270] Ratings 0 Comments 77 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 73 [Total 12684] Ratings 0 Comments 63 Invitations 1 Offline
S
P
Points 41 [Total 85] Ratings 1 Comments 31 Invitations 0 Offline
S
P
Points 16 [Total 33] Ratings 0 Comments 16 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 11] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.