Question
If the price of a good is low,
a. firms would increase profit by increasing output.
b. the supply curve for the good will shift to the left.
c. the quantity supplied of the good could be zero.
d. firms can and should raise the price of the product.
a. firms would increase profit by increasing output.
b. the supply curve for the good will shift to the left.
c. the quantity supplied of the good could be zero.
d. firms can and should raise the price of the product.
Answers
economyst
Do a little research, then take a shot. What do you think?
Anonymous
A