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romanna [79]
1 year ago
11

The cost to manufacture shoes decreases. Which statement describes the expected outcome?

Business
1 answer:
Irina-Kira [14]1 year ago
4 0

The statement that describes the expected outcome is: c. Supply of the shoes will increase, and market price will decrease.

<h3>What is supply?</h3>

Supply can be defined as the amount of goods or product produce that is available for buyers  to buy or purchase.

If the cost of production is lower ,this will lead to  increase in production as companies will be able to buy more materials and the outcome of this is that the market price of goods or product will reduce because the cost to manufactures has reduced.

Learn more about supply here:brainly.com/question/1222851

#SPJ1

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<u>Rent</u>                                <u>Demand</u>                           <u>Supply</u>

2,500.00                        10000                               15000

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500.00                           20000                               5000

The equilibrium quantity is 12,500 apartments with a $2,000 rent per month. If the government wants to lower the equilibrium rent price by increasing the supply of apartments, then it must build:

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  • 10,000 new apartments will make the equilibrium price = $1,000
  • 15,000 new apartments will make the equilibrium price = $500
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