126k views
5 votes
An increase in the number of bakeries in an area would most likely cause what change to the supply of baked goods?

Decrease in the quantity supplied of baked goods
Decrease in the supply of baked goods
Increase in the quantity supplied of baked goods
Increase in the supply of baked goods

User Smilie
by
4.7k points

2 Answers

4 votes

Answer:

I didn't get the answer right but to help with process of elimination "Increase in the quantity supplied of baked goods" is INCORRECT. Good luck <3

Step-by-step explanation:

User Rocky Li
by
5.4k points
7 votes

Answer:

Increase in the quantity supplied of baked goods

Step-by-step explanation:

Law of supply: The law of supply deals with the price and quantity supplied and other things remain constant.

It shows a direct relationship between the price of goods and the quantity supplied of a goods, that means when the number of bakeries are increased, then the quantity supplied of baked goods would be increased.

All other options are incorrect, except 3rd option

User Sujit Kumar Singh
by
5.8k points