If producers form expectations that copper prices will be higher in the future, then this will shift the:
A) demand curve for copper to the left.
B) supply curve of copper to the right.
C) demand curve for copper to the right.
D) supply curve of copper to the left.

Question

Quizplus · Accepted Answer

If producers expect higher future prices, they may hold back supply now to sell later at higher prices, shifting the current supply curve to the left.

If Producers Form Expectations That Copper Prices Will Be Higher