23.Consider the market for bread. If the price of wheat rises, then theA.price of bread falls.B.demand curve for bread shifts rightward.C.supply curve of bread shifts leftward.Your answer is correct.D.equilibrium quantity of bread increases.E.demand curve for bread shifts leftward. Show 24.Consider the market for feather pillows. If there is an increase in the price of feather dusters, asubstitute in production for feather pillows, then This preview shows page 1 out of 1 page. 1.There is a market for bread; wheat flour is an ingredient for making bread. Now, the price ofwheat flour rises. This will cause the demand curve for bread to shift to the left. Get answer to your question and much more b.There is a market for bread; wheat flour is an ingredient for making bread. Now, the price ofwheat flour rises. The supply curve for bread shifts to the left.b. Get answer to your question and much more There is a market for bread; wheat flour is an ingredient for making bread. Now, the price of End of preview. Want to read the entire page? Upload your study docs or become a Course Hero member to access this document Supply means producers´ willingness and ability to produce goods or services. The Law of Supply states that "as the price of a product rises, the quantity supplied will usually increase, ceteris paribus".
Sometimes the supply curve shifts because of this non-price factors that determine supply: - The
cost of factors of production Here is some examples of things that may shift the supply curve:
What happens to the supply curve for bread if there is an increase in the price of bread Brainly?An increase in the bread price will increase the quantity supplied for bread by the law of supply. This means that the change in good price only causes the movement along the supply curve.
What happens to the supply curve when price increases?The supply curve will move upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all else being equal).
What would cause an increase and decrease in the supply of bread?A decrease in the price of flour, which is an input in the manufacture of white bread, will increase the supply for bread. If the demand for bread remains constant, then the equilibrium price of bread will decrease and the equilibrium price will rise.
What will happen to the supply of bread if the cost of flour rises?if the cost of resources used to produce a good increase, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.
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