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amid [387]
3 years ago
14

Why does the supply of a good increase as the price increase?

Social Studies
2 answers:
disa [49]3 years ago
8 0
So, when the price is high, all the lowest-cost production happens, as before. AND lots of the higher-cost production happens, too. So the quantity supplied, increases.
julsineya [31]3 years ago
3 0

Answer:

With increase in Price, Suppliers will provide a higher Quantity. The Supply Curve, by itself, assumes nothing about the Quantity that will be consumed.

Explanation:

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