The following diagram shows demands and supply carve of commodity. State four things that will happen if the supply of the commodity is increased while demand...

      

The following diagram shows demands and supply carve of commodity.
fig8625920191703.png
State four things that will happen if the supply of the commodity is increased while demand remains constant

  

Answers


Kavungya
-The price of the commodities will be lowered
-Equilibrium quantity increases
-Equilibrium price decreases
-The supply of the commodity will increase at the same rate
Kavungya answered the question on September 25, 2019 at 14:05


Next: Mention five reasons why M-Pesa is becoming a very popular means of payment in Kenya.
Previous: Kiswahili ni lugha ambayo inakua na kuenea kila uchao. Imeenea kwa kasi hivi kwamba waliokuwa wameitweza wamelazimika kujifunza, kuizungumza na hata kuitumia katika maandishiLugha hii...

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions