How should the factory respond to the increase in price of blue widgets? by decreasing the number of blue widgets produced by increasing the number of blue widgets produced by increasing the number of green widgets produced by not changing the number of blue widgets produced.

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tumanl1031 tumanl1031

09-02-2022
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How should the factory respond to the increase in price of blue widgets? by decreasing the number of blue widgets produced by increasing the number of blue widgets produced by increasing the number of green widgets produced by not changing the number of blue widgets produced.

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Parrain Parrain · Answer 1 · 2022-02-16T10:56:05+01:00

The factory should respond to the increase in price by increasing the number of blue widgets produced.

Why should the company increase production?

It goes in line with the Law of Supply which states that when prices rise, supply rises as well.

Increasing supply provides producers with more profit.

If the company notices that the price of blue widgets has increased, they should increase supply. This will give them a chance to make more profit from the increased prices.

Find out more on the law of supply at https://brainly.com/question/1341614.

esierrago0001 esierrago0001 · Answer 2 · 2022-03-22T04:52:30+01:00

esierrago0001 esierrago0001

22-03-2022

Answer:

by increasing the number of blue widgets produced

Explanation:

or the letter (b) for those on edg

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