If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.
<h3>What is the impact of an increase in the price of cell phones?</h3>
When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.
At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.
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Answer:
Start up costs
Explanation:
By definition Startup costs "are the expenses incurred during the process of creating a new business". W can classified as pre start up costs and post start up costs.
For the pre start up costs we have for example research, borrowing costs, and expenses for technology and science.
For the post-opening startup costs we have advertising, promotion, and expenses related to the company.
So the best description for startp up costs is: "Costs, such as investigating the possibilities of and actually creating or acquiring a trade or business."
Positive coorelation.
A price goes up, more companies will produce goods and services because they want to take advantage of the higher price.