If producers must obtain a higher price to produce any given quantity, we can co

ID: 1143446 • Letter: I

Question

If producers must obtain a higher price to produce any given quantity, we can conclude that
demand increased. demand decreased. both demand and supply increased. supply decreased. supply increased. If producers must obtain a higher price to produce any given quantity, we can conclude that
demand increased. demand decreased. both demand and supply increased. supply decreased. supply increased. demand increased. demand decreased. both demand and supply increased. supply decreased. supply increased. demand increased.

Explanation / Answer

supply decreased.

because

if production costs rise, supply will fall because the manufacture of the product in question will become less profitable.

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If producers must obtain a higher price to produce any given quantity, we can co

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