Serinity2022
Serinity2022 Serinity2022
  • 21-09-2021
  • Mathematics
contestada

Explain in your own words what it means when we say there has been an increase in supply.

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francocanacari
francocanacari francocanacari
  • 30-09-2021

Supply is the availability of goods and services. It is related to production and stock.

Supply is the opposite of the term demand. A price is created through interaction between supply and demand, which are considered the main market forces.

Therefore, in the event of an increase in supply, there would be a greater abundance of goods or services in the market.

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