A decrease in the price of a good will 1. increase supply. 2. decrease...
A decrease in the price of a good will
1. increase supply.
2. decrease supply.
3. increase quantity supplied.
4. decrease quantity supplied.
Homework Answers
First of all let us have a brief difference between supply and quantity supply
When the factor present is only price then there is a change in the quantity supply
But if there is more factors other than the price then will be changed in the whole supply
The other factors can be
suppliers expectation
Advanced technology
Competition from the market etc
So in the given question, there is only decrease in the price so according to law of supply there will be decrease in the quantity supply also
Hence the answer is option 4
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