Multiple Choice
If a firm expects that the price of its product will be lower in the future than it is today
A) the firm has an incentive to increase supply now and decrease supply in the future.
B) the firm has an incentive to decrease supply now and increase supply in the future.
C) the firm has an incentive to increase quantity supplied now and decrease quantity supplied in the future.
D) the firm will not change supply until it knows for certain what will happen to its price.
Correct Answer:
Verified
Correct Answer:
Verified
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