If a firm expects that the price of its product will 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 increase supply now and decrease supply in the future.
C) the firm has an incentive to decrease quantity supplied now and increase quantity supplied in the future.
D) the firm has an incentive to decrease supply now and increase supply in the future.
Answer: D
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If the U.S. dollar becomes weaker in international markets, the net effects will include
A) a decrease in short-run aggregate supply (SRAS) and an increase in aggregate demand. B) an increase in short-run aggregate supply (SRAS) and a decrease in aggregate demand. C) a decrease in both short run aggregate supply (SRAS) and aggregate demand. D) an increase in both short run aggregate supply (SRAS) and aggregate demand.
Antitrust laws were initially developed in the 1980s
Indicate whether the statement is true or false
The percentage change in real GDP from one period to another is called
A. Nominal GDP. B. Real GDP. C. The growth rate. D. GDP per capita.
A game in which any gains one player makes are offset by equal losses by another player is known as a
A. zero-sum game. B. positive-sum game. C. negative-sum game. D. cooperative game.