The change in supply occur when there is change in demand and when the price of the product is decreased .
- The producer will decrease the quantity of bicycle production.
- In the basic Laws of supply and demand, when price decreases there is an increase of supply.
- Therefore the decrease of price suggest that there is an increase of supply in the market.
- Also as the price decreases profitability also decreases.
Thus , A decrease in supply may be caused by an increased cost in resources .
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