Question

Either more sellers in the market or lower production costs can cause supply to _____ at each price level.

Answer 1

Answer:

increase

Explanation:

When new providers enter a competitive market, parameters such as equilibrium price, supply and demand tend to change. The higher the number of sellers, the higher the production tends to be for each price level. The same is true if production costs go down, as this is an incentive for each salesperson to produce and deliver more so as to maximize their revenue.

Answer 2

Increase or shift right because if the cost of production goes down then the supplier can make more products for less money therefore making the supply of a good more. if there are more supplier then the same thing happens. more product in the market.