Supply - The amount of goods or services that producers are willing and able to produce and sell at a given price., Profit motive - When the market price rises following an increase in demand, it becomes more profitable for businesses to increase the amount they are willing to sell, New entrants to the market - Higher prices may create an incentive for other businesses to enter the market leading to an increase in total supply, Production costs - When output expands, a firm's production costs tend to rise, therefore a higher price is needed to cover these extra costs of production.,

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