What will happen to the supply curve of cloth if new firms enter the market
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It also depends on \’price\’. Supply will be high If the price is high.. As stated in law of supply that there is an positive relationship between supply and price.. If price is high supply will shift rightward and viceversa
The supply curve will shift rightward as the entry of new firms is an other factor affecting the market supply
I think supply curve will increased, move upward