154k views
4 votes
An increase in the number of bakeries in an area would most likely cause what change to the supply of baked goods?

User Mkurnikov
by
6.0k points

2 Answers

1 vote
I am not sure if you are looking for a more in-depth answer that includes specified terms, but using logic, the answer would be: there would be more supply of baked goods.
User DewinDell
by
5.8k points
0 votes

An increase in the number of bakeries in an area would lower the prices of the baked goods, since it would increase the supply without a growth of the demand. More products would be offered to the same number of buyers, so in a logical market situation, the products would lower their price due to competition and overproduction.

User Sanjeev Singh
by
5.7k points