Sugar is an input used to produce cereal. suppose that the price of sugar decreases. as a result:

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24-01-2018
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Sugar is an input used to produce cereal. suppose that the price of sugar decreases. as a result:

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jamuuj jamuuj · Answer 1 · 2018-02-03T11:49:20+01:00

A supply curve is a graphical representation showing the relationship between the price of a product or a service and the quantity supplied within a given period of time. It has a direct or positive relationship between price and the quantity supplied. In this case, If the sugar price rises then as a result the supply curve for cereals will shift to the left, reflecting an increase in cost of production.