Answer to Question #212886 in Microeconomics for Wanga Mgolombane

Question #212886

The market for Good A is in equilibrium. If there is a decrease in the price of an input used to produce Good A, the impact on the market for Good A will be


1
Expert's answer
2021-07-05T09:12:46-0400

The supply of Good A will increase causing the equilibrium price to fall hence increase in demand


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