When the suppliers of a good that can be easily stored expect its price to increase in the future, they will reduce its current supply.

Name: When the suppliers of a good that can be easily stored expect its price to increase in the future, they will reduce its current supply.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Suppliers might withhold some of their current supply from the market if they anticipate higher prices in the future, aiming to maximize profits by selling at those higher prices later.

When the Suppliers of a Good That Can Be Easily