DaileyOD7520 DaileyOD7520
  • 05-09-2019
  • Business
contestada

When producers' costs decrease, there will be _______ product (shift right) at each price brought to the market.

Respuesta :

DelcieRiveria DelcieRiveria
  • 10-09-2019

Answer:

The correct answer is more.

Explanation:

In the production process, a number of inputs are used to make a good or service. The cost incurred on these inputs is called the cost of production.  

In case there is a decline in the cost of production or producer's cost this means that the producer can produce more output by incurring the same cost level. This will cause a rightward shift in the supply curve. At each price level, more output than earlier will be supplied.

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