katzanchez02
katzanchez02 katzanchez02
  • 24-04-2020
  • Social Studies
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Need urgently please Does expectation of a change in price affect supply

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kaycrafter22
kaycrafter22 kaycrafter22
  • 24-04-2020

Answer:

The expectations that sellers have concerning the future price of a good, which is assumed constant when a supply curve is constructed. If sellers expect a higher price, then supply decreases. If sellers expect a lower price, then supply increases.

Explanation:

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