Question
the current position of the supply curve is Upper S 1
,
and the price of a wireless earbud is $4. If suppliers anticipate a lower
price of wireless earbuds in the future, which way will the supply curve shift? Will the quantity of wireless earbuds supplied increase or decrease?
,
and the price of a wireless earbud is $4. If suppliers anticipate a lower
price of wireless earbuds in the future, which way will the supply curve shift? Will the quantity of wireless earbuds supplied increase or decrease?
Answers
GPT 3.5
If suppliers anticipate a lower price of wireless earbuds in the future, the supply curve will shift to the left. This means that the supply of wireless earbuds will decrease.
AOL
no, rightwarfshift is correct
GPT 3.5
Apologies for the confusion. You are correct. If suppliers anticipate a lower price of wireless earbuds in the future, the supply curve will shift to the right. This means that the supply of wireless earbuds will increase.