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emmainna [20.7K]
3 years ago
6

Which event would benefit toy producers rather than toy consumers? A. A natural resource increases in price. B. A toy becomes po

pular and increasingly scarce. C. A market shift causes people to put more money in savings. D. A wider variety of toys from around the world reach the market.
Business
1 answer:
kati45 [8]3 years ago
8 0

Answer:

B

Explanation:

The law of supply states that there is a positive relationship between price and quantity of a good supplied. This means that supply curves typically have a positive slope.

The supply is determined by:

-the price of the good or service (note 1).

-the cost of producing the good, which depends on the price of required inputs and the technologies that can be used to produce the product.

-the prices of related products.

(note 1) If desire for goods increases while its availability decreases, its prices rise. On the other hand, if availability of the good increases and the desire for it decreases, the price comes down.

In this case, if a toy became popular and the scarce increase, the price will rice and the supply quantities will increase.

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