If a firm has an incentive to increase supply now and decrease supply in the future, then the firm expects that the
A) demand for the 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 its product will be lower in the future than it is today.
D) price of inputs will be lower in the future than they are today.
C
Economics
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If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would increase
a. True b. False Indicate whether the statement is true or false
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Payments to households not in exchange for goods and services currently produced are:
a. transfer payments. b. government purchases. c. consumption expenditures. d. investment expenditures.
Economics