The basic incentive to supply goods and services is the expectation of profit.
Correct Answer:
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Q101: The supply curve is upward-sloping (i.e. ,it
Q102: When technology improves,the firm's marginal cost curve
Q103: The profit motive encourages businesses to produce
Q104: In the In the News article "The
Q105: When payroll taxes are raised,the firm's marginal
Q107: Which of the following does not affect
Q108: Businesses that fail to account for implicit
Q109: A change in which of the following
Q110: One In the News feature reports that
Q111: Short-run supply determinants include
A)Technology.
B)Number of buyers.
C)Income.
D)Consumer preferences.
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