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Sonja [21]
3 years ago
13

If sellers expect higher basket prices in the near future a) supply of baskets will increase. b) supply of baskets will decrease

. c) supply of baskets will be unaffected. d) demand for baskets will decrease.
Business
1 answer:
AleksandrR [38]3 years ago
5 0

Answer:

Supply of basket decrease

Explanation:

If seller expect higher basket prices in the near future then <u>the supply of basket decrease.</u>

<em>Supply is that quantity which any seller wants to send in the market .</em>

There are various factor which effect the supply are :

  • Government policy
  • Expectation
  • Taste of customers
  • Technology
  • Tax and subsidies
  • number of seller in the market

As in question , as it is said that if seller expect higher basket prices in the near future then no doubt the supply will decreased it is because of reason  that <em>demand of goods is increased .</em>

Decrease in supply shift the supply curve towards left and disturbe the equilibrium. Decrease in supply cause the shortage of goods which automatically increase the price.

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