This year nine national retail big box technology companies started and opened many retail stores across the nation. Now there are many more big box retail tech companies in the market. With many more competitors, what will likely happen to the supply of goods in the retail companies’ stores?
a. The quantity supplied of goods will decrease and cause an increase in price of of goods.
b. The quantity demanded for tech goods will decrease.
c. The quantity supplied of goods will increase and cause a decreases in the price of goods.