Question

If all other factors are equal, what is likely to happen to the supply of a product if the price goes up? Why? Explain

Answer 1

@CC12 @JustSaiyan

Answer 2

@Elsa213

Answer 3

`Assuming all other factors are equal, the supply will increase if the price goes up. It is because less people would want to buy the product. This will make the demand lower. Merchants will get higher revenue if they create more supply with a higher price.`