If producers have an expectation of higher future prices, the supply of the good that is currently available
A) will be all that is produced. B) will decrease.
C) will not change. D) will increase.
B
Economics
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The discovery and dissemination of a new cost-saving technology
a. is an example of a positive demand shock b. would cause the long-run AS curve to shift leftward, thereby increasing both output and the price level c. would increase firms' unit costs d. would lead to an increase in output and a decrease in the price level e. is an example of a negative supply shock
Economics
An example of a positive externality is
A. an apple orchard increasing the number of trees next to a bee farm. B. pollution. C. the Clean Air Act. D. smoking in a crowded place.
Economics