If a firm expects that the price of its product wil be higher in the future than it is today, then:_____.
a. the firm will go out of business b. the firm has an incentive to decrease supply now and increase supply in the future. c. the firm has an incentive to increase supply now and decrease supply in the future. d. the firm has an incentive to decrease quantity supplied now and increase quantity supplied in the future.

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26-10-2022
Business

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If a firm expects that the price of its product wil be higher in the future than it is today, then:_____.
a. the firm will go out of business b. the firm has an incentive to decrease supply now and increase supply in the future. c. the firm has an incentive to increase supply now and decrease supply in the future. d. the firm has an incentive to decrease quantity supplied now and increase quantity supplied in the future.

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kjuli1766 kjuli1766 · Answer 1 · 2022-10-29T00:35:12-04:00

If a firm expects that the price of its product will be higher in the future than it is today, then: the firm will go out of business.

A firm is a for-earnings enterprise agency—including an enterprise, confined liability company (LLC), or partnership—that offers professional offerings.in case you describe someone as a firm, you mean they behave in a manner that indicates that they are not going to trade their mind, or that they're the individual that is on top of things. She needed to be firm with him. ' I don't want to look at you once more.

The firm describes something that's sturdy and unwavering. if your terrific Aunt Martha had a company perception that youngsters should be visible and now not heard, you and your siblings may have spent your formative years riding her crazy. something this is stable and also can be described as a company.

A firm refers to a commercial enterprise worried about the promoting of services and products for profit, usually expert services. however, a company refers to a business worried about any income-generating hobby concerning the sale of goods and services and includes all commercial enterprise trades and structures.

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rafikiedu17 rafikiedu17 · Answer 2 · 2022-10-29T00:42:20-04:00

If a firm expects that the price of its product will be higher in the future than it is today, then c. the firm has the incentive to increase supply now and decrease supply in the future.

Economists name this positive courting among charge and the amount supplied that a better fee ends in a better quantity supplied and a lower price leads to a decreased amount provided the law of supply. The law of delivery assumes that all other variables that affect delivery are held consistent.

If a firm expects that the price of its products will be higher in the future than it is today, it has the incentive to decrease supply now curve shifts to left, and increase supply in the future curve would shift to the right.

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