When supply increases, the supply curve shifts to the right.
<h3>What is the supply curve?</h3>
This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.
Hence this answers our question by saying that When supply increases, the supply curve shifts to the right.
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Answer: Yes contract has been formed.
Explanation: According to the Uniform Electronic Transaction Act (UETA), electronic transactions are just as binding as transactions made on hardcopy documents. Moreover signatures made electronically reinforces the validity of these elctronic documents.
In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.
Answer:
Decrease; Less
Explanation:
The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.
When the market price of a product falls, the producer surplus will decrease as well.
The lower market price implies that there will be less area between the supply curve and the market price of the product.
