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28 August, 12:29

Select the correct answer. Jack sells homemade chocolates and cookies. He expects the price of chocolates to increase around Valentine's Day, so he prepares to make more chocolates in February. Which economic concept lies behind Jack's decision to make more chocolates in February?

A. equilibrium

B. law of demand

C. law of supply

D. negative externality

E. positive externality

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Answers (2)
  1. 28 August, 12:46
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    B. Law of Demand. Because he believes that there will be a larger demand for the cookies around the holiday.
  2. 28 August, 12:53
    0
    The correct answer is C.

    Im 96% sure that the right answer!
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