Rising prices provide incentives for businesses to decrease quantity supplied and for consumers to increase quantity demanded.

Name: Rising prices provide incentives for businesses to decrease quantity supplied and for consumers to increase quantity demanded.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Rising prices typically incentivize businesses to increase quantity supplied due to the potential for higher profits, and they generally lead consumers to decrease quantity demanded due to higher costs.

Rising Prices Provide Incentives for Businesses to Decrease Quantity Supplied