if-the-price-of-a-product-decreases-from-10-to-5-how-would-this-affect-the-quant

Question

If the price of a product decreases from $$10 to 5$$, how would this affect the quantity supplied by individual suppliers and the market supply?

Accepted Answer

Both individual suppliers and the market supply would decrease their quantity supplied.

Answer

Individual suppliers would decrease their quantity supplied, but the market supply would increase.

Answer

Both individual suppliers and the market supply would increase their quantity supplied.

Answer

Individual suppliers would increase their quantity supplied, but the market supply would decrease.

If the price of a product decreases from \$10 to \$5, how would this affect the quantity supplied by individual suppliers and the market supply?