a. an increase in demand and an increase in the quantity of potato chips supplied b. a decrease in the supply of potato chips and an increase in the quantity of potato chips demanded c. an increase in the supply of potato chips d. an increase in demand and an increase in the supply of potato chips

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13-09-2022
Business

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a. an increase in demand and an increase in the quantity of potato chips supplied b. a decrease in the supply of potato chips and an increase in the quantity of potato chips demanded c. an increase in the supply of potato chips d. an increase in demand and an increase in the supply of potato chips

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devikabalrajan devikabalrajan · Answer 1 · 2022-09-16T02:27:41-04:00

a. an increase in demand and an increase in the quantity of potato chips supplied.

What happens when the supply of an item increases?

In case there is an increase in supply for goods and services whereas request remains the same, costs tend to drop to a lower equilibrium price and the next balance amount of goods and services.

There's an reverse relationship between the supply and costs of goods and services when demand is unchanged. In the event that there's an increment in supply for goods and administrations whereas request remains the same, costs tend to drop to a lower equilibrium cost and a better balance amount of goods and services.

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