5. With the economy doing well Coca Cola has decided to expand and build more manufacturing plants, what would happen to the supply schedule of Coco Cola products? Increase Decrease Foctor that shifts the supply line:

Question

5. With the economy doing well Coca Cola has decided to expand and build more manufacturing plants, what would happen to the supply schedule of Coco Cola products? Increase Decrease Foctor that shifts the supply line:

Answer 1

1. Increase

Answer 2

The situation implies that Coca Cola intends to enhance its production. In economics, the Supply Schedule represents the quantities of goods or services a supplier is willing to supply at different price levels, at a particular time period. The decision to build more manufacturing plants indicates an intention to supply more of Coca Cola's products regardless of the price level. Hence, the supplying Company's actions will escalate the supply of the products. This enhancement is an illustration of a circumstance that makes the entire supply curve shift to the right. Factors that could trigger changes in the supply schedule include technology improvement, quantity of suppliers, expectations about future prices, and prices of relevant resources. In this case scenario, the additional plants could potentially expand the supply at all distinctive price tiers.

Question

5. With the economy doing well Coca Cola has decided to expand and build more manufacturing plants, what would happen to the supply schedule of Coco Cola products? Increase Decrease Foctor that shifts the supply line:

Answer

Answer

Explanation