Multiple Choice
If a firm has an incentive to increase supply now and decrease supply in the future, 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.
Correct Answer:
Verified
Correct Answer:
Verified
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