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What will happen to the supply …

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What will happen to the supply curve of cloth if new firms enter the market

    • Posted by Rishika Chaurasia 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 3 answers

    Nidhi Tiwari 6 years, 9 months ago

    It also depends on 'price'. Supply will be high If the price is high.. As stated in law of supply that there is an positive relationship between supply and price.. If price is high supply will shift rightward and viceversa

    0Thank You

    Tushar Chopra 6 years, 9 months ago

    The supply curve will shift rightward as the entry of new firms is an other factor affecting the market supply

    3Thank You

    Viswa Nathan 6 years, 9 months ago

    I think supply curve will increased, move upward

    0Thank You

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