Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?

A. Lower prices will increase the demand.

B. Higher prices to encourage competition.

C. The addition of only highly skilled workers.

Question

07-06-2022
Business

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Which of the following will cause an increase in Supply for the Short-Run Macroeconomic model?

A. Lower prices will increase the demand.

B. Higher prices to encourage competition.

C. The addition of only highly skilled workers.

Sagot :

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SuchetasVTidn SuchetasVTidn · Answer 1 · 2022-06-16T05:17:47-04:00

Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

How supply can be increased in the short run?

In the marketplace model, supply slopes up due to the profit purpose of individual firms. If a corporation receives a better price, they'll make a higher profit via way of means of selling more, so the quantity supplied will increase while the price will increase.

Therefore, Higher Prices can encourage competition and cause an increase in the supply for the Short-run Macroeconomic model. Therefore, Option B is the correct choice.

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Sagot :

How supply can be increased in the short run?

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