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Select the situation that will occur when a shortage of bread exists, and consumers pressure producers to change their actions. Producers respond by supplying less bread. Producers respond by supplying the same amount of bread. Producers respond by supplying more bread.

Verified Answer :

The answer is : Producers respond by supplying more bread

When shortage of breads increases, the demand of the product will jump through the roof, which will also increase its price

To gain the maximum profit, the producers will respond by supplying more bread until the shortage is eliminated

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Answer:

3) Producers respond by supplying more bread.

Explanation: this is correct! ^

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