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20 September, 03:41

How do falling prices of productive resources affect supply?

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Answers (2)
  1. 20 September, 04:25
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    As the price of a resource increases, the quantity demanded of that resource will decline
  2. 20 September, 07:32
    0
    It increases supply

    Explanation:

    If productive tools becomes cheap to acquire, more goods would definitely be produced and henceforth increase in supply by the producer.

    For example, if the cost of operating machinery falls, a producer would be able to acquire more of those equipment. With more tools on deck, production would scale up and supply of such goods would generally pump.
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