Solution-What would happen to the supply of a particular

What would happen to the supply of a particular product

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Reference no: EM131136485

Other factors remaining the same, what would happen to the supply of a particular product of the following changes occur?
The price of the product falls.

A technological breakthrough enables the good to be produced at a significantly lower cost.

The prices of inputs used to produce the product increase.

The price of a product that is a substitute in production decreases.

The managers of firms that produce the good expect the price of the good to rise in the near future.

Firms in the industry purchase more plant and equipment, increasing the productive capacity in the industry.

Reference no: EM131136485

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What would happen to the supply of a particular product

Reference no: EM131136485

Reference no: EM131136485

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