If all other factors are equal, supply will reduce as the prices go up.
Why would this be the case? As prices go up, demand for the product will go down, because some purchasers will not be able to afford the product. As demand goes down, then also suppliers will reduce their production of that product.
In economics, the law of demand asserts that the higher the price of something, the less people will demand that thing. The law of supply asserts that producers will supply more a product when it is selling at a higher price and are less motivated to produce quantities of the product when it is selling at low prices. <span>
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The bible, more so the New Testament then the Old Testament.
The correct answer of the given question above relating to sociology is fifty-six percent (56%). The percentage of students that were noted as having different values from their parents is 56%. Hope this is the answer you are looking for. Thanks for posting your question.
The Soviet Union was geographically huge stretching across Phil's classroom wall map and it consisted of Russian Federation which occupied the largest part, 15 Soviet Republics, for example, Uzbekistan, Kazakh SSR, Georgian SSR, Armenian SSR, Estonian SSR and seven satellite countries in Eastern Europe i.e. Germany, Hungary, Poland, Czechoslovakia, Romania, Bulgaria and Albania which are now independent countries.
A, The Duke of York. Not West India Company.
