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Question Practice

If a firm expects higher prices in the future, what is the likely short-term effect on its supply today?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

If a firm expects higher price...

Single Answer MCQ
Q-00089550

If a firm expects higher prices in the future, what is the likely short-term effect on its supply today?

1

Increase in current supply

2

Decrease in current supply

3

No change

4

Complete halt of production

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