If the supply of a product increases, what are producers usually willing to do?

Question

Quizplus · Accepted Answer

When the supply of a product increases, it typically leads to a surplus of the product in the market. To encourage consumers to buy more of the product, producers are usually willing to accept a lower price for each unit sold. This helps in clearing the surplus by making the product more attractive to potential buyers due to the lower price.

If the Supply of a Product Increases, What Are Producers