If a Firm Expects That the Price of Its Product

question 70

Multiple Choice

If a firm expects that the price of its product will be lower in the future than it is today

• A)the firm has an incentive to increase supply now and decrease supply in the future.
• B)the firm has an incentive to decrease supply now and increase supply in the future.
• C)the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future.
• D)the firm will not change supply until it knows for certain what will happen to its price.

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Definitions:

Physical Therapy

A healthcare profession that uses physical methods, such as exercises and massages, to treat and rehabilitate patients.

Full-time

Employment status where an individual works a minimum number of hours defined as such by their employer, typically around 40 hours per week.

Sexual Harassment

Unwelcome and inappropriate actions of a sexual nature in the workplace.

Workplace

A location or environment where people are employed and perform tasks related to their jobs, which may include offices, factories, stores, or any place of work.