Solved

When the Demand for Compact Disks Increases, Producers Will Be

Question 68

Multiple Choice

When the demand for compact disks increases, producers will be motivated to expand production because the:


A) demand price for compact disks will exceed the opportunity cost of producing an additional compact disk.
B) the demand price for compact disks will be less than the opportunity cost of producing an additional compact disk.
C) increase in demand creates an excess supply of compact disks.
D) increase in demand will increase cost, thereby forcing producers to expand output in order to maintain profits.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents