Change in quantity supply will lead to a shift in supply curve.
<h3>What is change in supply?</h3>
Change in supply lead to a shift in the supply curve either to the left or right.
This occur in the price to quantity relationship which defines a supply curve.
This change often makes the supply curve becomes steeper and flatter.
Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.
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Answer:
B- Attempt to restrict output in order to raise prices.
Explanation:
Cartels is similar to a group in which every member is a giant producer together they control how much product will go in the market or how much price would be charged.
<em>So</em> the basic aim of cartels is to control the prices and to achieve that there are various methods they can use, one of these methods is: They will stop the product create a shortage, and then increase up the charges.
This is an example of supply and demand. The school is looking for two teachers to fill the open spots at their school; there is a demand of two new teachers. However, with the demand for two teachers comes a supply of 20 teachers that are able to take the spot. Supply and demand refers to the amount of something that is available and the desired need for it.
Explanation:
A production of watermelons or any agrarian resource, needs specific resources to continue expanding production, because unlike an organization that produces durable goods, a company that produces watermelons needs more than machines and equipment, it primarily needs a farm with ideal land for planting and growing watermelons.
The resources also come from government subsidies, workers, equipment, investments, etc.
