A college counselor wants to determine if the number of hours spent studying for a test can be used to predict the grades on a t
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The supply curve will shift to the right, indicating an increase in the overall quantity of pizza currently offered in the market, if two or more pizzerias open in the community. For further information on the relevant image, see the details below and the attachment.
What are the elements that cause the supply curve to change?
The total quantity of products and services that businesses in a country's economy aim to sell within a specific time frame is known as aggregate supply, also known as domestic final supply in economics. It is the total number of goods and services that businesses in an economy are prepared and able to offer for sale at a specific price point.
It should be remembered that:
- A change in supply is defined as a shift to the left or right in the overall price-quantity relationship that shapes a supply curve.
- A change in supply is defined as a shift to the left or right in the overall price-quantity relationship that shapes a supply curve.
- A change in supply basically entails a rise or fall in the quantity delivered along with an increase or decrease in the supply price.
- A shift in supply could result from new technology, such as less expensive or more effective manufacturing processes, or from an increase or decrease in the number of competitors in the market.
- A change in delivery quantity and supply is not the same thing.
Learn more about Aggregate Supply: brainly.com/question/24457739
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