Asked by Landrie Pierce on May 26, 2024
Verified
If demand decreases,then quantity supplied will increase.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a given price in a given period.
- Analyze the relationship between consumer income changes and the demand for goods.
- Grasp the basic principles of supply and demand dynamics, including shifts in curves due to external factors.
Verified Answer
TL
Taise LigonsMay 29, 2024
Final Answer :
False
Explanation :
If demand decreases, suppliers are likely to reduce the quantity supplied in response to the change in consumer behavior.
Learning Objectives
- Analyze the relationship between consumer income changes and the demand for goods.
- Grasp the basic principles of supply and demand dynamics, including shifts in curves due to external factors.
Related questions
A Mismatch Between Quantity Demanded and Quantity Supplied Will Always ...
As the Price of Ballpoint Pens Increases,the Demand for Felt-Tip ...
A Decrease in the Price of Peanuts Will Cause a ...
When Both Supply and Demand for a Good Increases,the Change ...
If Supply of a Good Increases While Its Demand Decreases,then ...