If producers have an expectation of higher future prices, the supply of the good that is currently available

Name: If producers have an expectation of higher future prices, the supply of the good that is currently available
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When producers expect higher future prices, they might hold back some of their current supply to sell it later at the higher prices, leading to a decrease in the current supply available.

If Producers Have an Expectation of Higher Future Prices, the Supply