Suppose that all of the firms in the coal mining industry, Ask an Expert

Economics

Suppose that all of the firms in the coal mining industry were willing and able to produce and sell 5 million tons per week at a price of $3/ton last week. This week the firms are not willing and able to produce and sell that amount at a price below $4/ton. What explains this change? Is it a change in supply or a change in quantity supplied? What could have caused such a change?[

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91925859

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