Under the basic principle of supply, as the price goes down, manufacturers and suppliers of a product tend to supply less of the product to the market.

Name: Under the basic principle of supply, as the price goes down, manufacturers and suppliers of a product tend to supply less of the product to the market.
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Quizplus · Accepted Answer

This is because lower prices typically reduce the profit margins for producers, making it less attractive for them to supply large quantities of the product.

Under the Basic Principle of Supply, as the Price Goes