Producers Are Willing and Able to Offer Greater Quantities for Sale

question 185

Multiple Choice

Producers are willing and able to offer greater quantities for sale at higher prices because

• A)they have the incentive to pay the increasing opportunity cost of resources to attract them from alternative uses
• B)they will decrease their profits by expanding production at higher prices
• C)the government orders them to do so
• D)lower prices attract new firms, which have higher costs of production
• E)they hire superior quality, higher-priced resources as production expands