If Apple Growers Expect the Price of Apples to Increase

question 14

Multiple Choice

If apple growers expect the price of apples to increase, they would:

• A) increase the current supply.
• B) supply regardless of future prices.
• C) respond to the expected price of apples.
• D) start growing tomatoes.

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Definitions:

Profitable

A financial status indicating that the revenue of an entity is greater than its expenditures over a specified period, resulting in a net gain.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of a company.

Short-term Liabilities

Financial obligations of a business that are due to be settled within one year, such as accounts payable, short-term debts, and accrued expenses.

Automatic Financing

A preapproved loan where funds are automatically available when needed.