Question

If the price of lemons increases, what happens to the supply for lemons as a result?

increase

remains the same

decrease

Answer 1

it will decrease b coz high price very few ppl will buy.

Answer 2

The supply of the lemons would increase as because of higher price more suppliers would be willing to supply the product because of higher revenue and profit. Supply would increase.

Answer 3

Oh thanks you two but I figured and got the correct answer to be quatity supplied that would increase. This has nothing to do witht the supply, hwever as theese are two diferent thins. I learned if price is changing, then the supply doesn't change, the quantity supplied changes, anything else would cause a change in supply for the most part. This holds true for demand as well.

Answer 4

yes exactly as the supplier would be willing to supply more at the given price..hence the quantity increases....Goodluck :)