Why are producers willing and able to offer greater quantities for sale at higher prices?

Question

Quizplus · Accepted Answer

Producers are willing and able to offer greater quantities for sale at higher prices because they have an incentive to pay the increasing opportunity cost of resources to attract them from alternative uses. As the price of a good increases, the opportunity cost of producing it also increases because resources must be brought in from their use in other industries. In order to entice these resources away from their current use, producers are willing to pay higher prices for them, which allows for an increase in production.

Why Are Producers Willing and Able to Offer Greater Quantities