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  • 06-11-2019
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Why do suppliers react to increased prices?​

Respuesta :

janethrz09
janethrz09 janethrz09
  • 06-11-2019

Answer:

They react because of how much the price has increased.

Explanation:

As the price of a good or service increases, the quantity that suppliers are willing to produce increases and this relationship is captured as a movement along the supply curve to a higher price and quantity combination. The Law of Supply: Supply has a positive correlation with price.

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