Ask Question
BusinessBusiness
6 April, 11:35

Today, producers changed their expectations about the future. This change a. can affect future supply, but not today's supply. b. can cause a movement along the supply curve. c. can affect today's supply. d. cannot affect either today's supply or future supply.

+3
Answers (1)
  1. 6 April, 13:27
    0
    c. can affect today's supply.

    Explanation:

    Supply in the quantity of a commodity a producer is willing and able to sell in the market at a particular price during a specified period of time.

    There are many factors which determines the willing and ability of the producers to sell and which therefore affect supply of a commodity in the market. Some of these factors include: prices of related goods, price of inputs, advancement in technology, number of suppliers, expectations of producers.

    Expectations of producers as regards the future price of a product today can affect today's supply of the product.

    For example, if today's expectations of a producer is that the price of his product will rise in the future, he will reduce today's supply of the good and store it in order to sell it a higher price in the future. Conversely, If today's expectations of the producer is that the price of his product will fall in the future, he will increase today's supply of the good in order to sell it and make a profit before the price fall.

    Therefore, a today's change in producers expectations about the future can affect today's supply.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Today, producers changed their expectations about the future. This change a. can affect future supply, but not today's supply. b. can cause ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A reduction in the unemployment rate will tend to cause which of the following? (a) an increase in the separation rate (b) a reduction in the nominal wage (c) a reduction in the duration that one is unemployed
Answers (1)
Rachel's Recordings reported net income of $240,000. Beginning balances in Accounts Receivable and Accounts Payable were $17,000 and $22,000 respectively. Ending balances in these accounts were $11,500 and $30,000, respectively.
Answers (1)
Presented below is information related to Marin Company. Cost Retail Beginning inventory $103,820 $278,000 Purchases 1,402,000 2,152,000 Markups 93,600 Markup cancellations 13,900 Markdowns 34,600 Markdown cancellations 5,000 Sales revenue 2,206,000
Answers (1)
If one of the activities on the critical path is delayed, the entire project will be delayed. b. the critical path is the sequence of activities between a project's start and finish that takes the shortest time to complete. c.
Answers (1)
Sheila and Joe Wells are married with two dependent children. During 2019, they have gross income of $159,800, deductions for AGI of $5,500, itemized deductions of $25,000 and tax credits of $2,000.
Answers (1)
New Questions in Business
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $112,500 and $125,000, respectively. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000.
Answers (1)
On october 31, 2018, damon company's general ledger shows a checking account balance of $8,409. the company's cash receipts for the month total $74,400, of which $71,315 has been deposited in the bank.
Answers (2)
In October 2010, the amount of money held by individuals and companies was $893.4 billion; checkable deposits owned by the same individuals and companies were $345.6 billion; money market funds were $1.9423 trillion; savings deposits were $989.
Answers (2)
A monopolist that practices perfect price discrimination a. creates no deadweight loss. b. charges one group of buyers a higher price than another group, such as offering a student discount. c.
Answers (1)
What is the best way to show a business you're interested in their job position
Answers (1)
Home » Business » Today, producers changed their expectations about the future. This change a. can affect future supply, but not today's supply. b. can cause a movement along the supply curve. c. can affect today's supply. d.
Sign Up Forgot Password?