which of the following would decrease the supply of sugar? group of answer choices the price of artificial sweeteners rises dramatically. the demand for sugar increases. a technological advance lowers the cost of producing sugar. the tariff (tax) on imported sugar increases.

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21-10-2022
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which of the following would decrease the supply of sugar? group of answer choices the price of artificial sweeteners rises dramatically. the demand for sugar increases. a technological advance lowers the cost of producing sugar. the tariff (tax) on imported sugar increases.

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ANKITANAND ANKITANAND · Answer 1 · 2022-10-27T13:07:40+02:00

Decrease the supply of sugar the tariff (tax) on imported sugar increases.

What is supply?
Supply in economics refers to the amount of a commodity that firms, producers, labourers, financial asset providers, or other economic agents have willing and able to deliver to the market or to an individual. Supply can be in the form of manufactured items, labour time, raw resources, or any other rare or valued item. Supply is frequently graphed as a supply curve, with the unit price on the vertical axis and the quantity delivered as a function of price on the horizontal axis. This reversal of the dependent and independent variable's typical positions is an undesirable but standard convention.

The supply curve might be for a single vendor or for the marketplace as a whole, with the quantity given by all sellers added up.

To learn more about supply
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