If Suppliers Expect the Price of Their Product to Fall

question 32

Multiple Choice

If suppliers expect the price of their product to fall in the future,then they will

• A)decrease supply now.
• B)increase supply now.
• C)decrease supply in the future but not now.
• D)increase supply in the future but not now.

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Definitions:

Economic

Relating to the production, consumption, and transfer of wealth within a society or country.

Social Power

The capacity or ability of individuals or groups to control or influence the actions, beliefs, or behaviors of others within a social context.

Paid Labor Force

Refers to the segment of the population that is engaged in compensated work, within formal or informal sectors, contributing to the economy.

Women

Female human beings, often focusing on their social, cultural, or biological distinctions from men.