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Marreo Parks
on Nov 17, 2024

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When a seller expects the price of its product to decrease in the future, the seller's supply curve shifts left now.

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good and the amount that suppliers are willing and able to sell in the market.

Decrease

A reduction in quantity, size, or intensity.

Future

The indefinite time period after the present, often considered in the context of possibilities or uncertainties.

  • Comprehend the principle of supply and the impact of anticipated future prices on present supply choices.
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Bharat997 Bharat997patelNov 23, 2024
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