If a Firm Has an Incentive to Increase Supply Now

question 169

Multiple Choice

If a firm has an incentive to increase supply now and decrease supply in the future, then the firm expects that the

• A)price of its product will be lower in the future than it is today.
• B)price of its product will be higher in the future than it is today.
• C)price of inputs will be lower in the future than they are today.
• D)demand for the product will be lower in the future than it is today.

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Definitions:

Ethical Violation

A breach of moral principles within a professional context, usually violating established codes of conduct.

Covert Observation

A research method where the subject(s) are unaware they are being observed to gather unbiassed and natural behavior.

Nonparticipant Observation

A research method in which the observer does not interact with the subjects during the observation period.

Internet Research

Research conducted via the internet, which includes collecting information online or conducting studies that utilize online tools.