Ask Question
30 May, 00:12

Which of the following would most likely cause a decrease in the quantity supplied?

A decrease in competition

A decrease in price

An increase in competition

An increase in price

+1
Answers (1)
  1. 30 May, 03:40
    0
    A decrease in price

    Explanation:

    A decrease in price will cause the supply of goods and services to decrease. As you can see, an increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following would most likely cause a decrease in the quantity supplied? A decrease in competition A decrease in price An ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers