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BOOKcampereachmae
BOOKcampereachmae BOOKcampereachmae
  • 18-10-2015
  • Social Studies
Answered

How does an increased number of producers affect the prices of goods in a market?

Verified Answer :

WorldCitizen WorldCitizen
  • 29-10-2015

if there are many producers, they will compete with each other, and they will try to attrack the buyers with a lower price.

Also there will be a bigger supply for the same demand and again, this would make the prize sink!

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