What happens when one factor or production is in limited supply?
a. It doesn’t impact the economy
b. It could cause all of the other factors to also be in limited supply.
c. It causes entrepreneurs to be less innovative
d. It causes the supply to go up for that product
If they start getting limits on a product, they will start charging more for that price so that they can pay for more supply. I hope this helps. Let me know if it doesn't. :)
