What Will Happen to Supply or Quantity Supplied Under Each

question 11

Essay

What will happen to supply or quantity supplied under each of the following situations?
a.the price of the product falls
b.technology improves
c.input prices rise
d.expectations change - you expect the price of your product to rise next month

---

Definitions:

Hedge Transaction

A financial transaction designed to reduce the risk of adverse price movements in an asset.

Spot Rates

The prevailing price for a specific currency that can be traded immediately.

Journal Entries

Journal entries are records of financial transactions in accounting, documented in chronological order, indicating accounts affected, amounts, and a brief description of the transaction.

Forward Rate

An agreed-upon price for a currency or asset to be exchanged at a future date, used for hedging or speculation.