Producers supply more at a higher price because selling more quantity at higher price increase revenue means what?

Related MCQs

• Quantity of a certain goods producers are willing to supply when receiving a certain price is known as ______.
• A point where the quantity of goods being supplied is exactly the same as the quantity of goods being demanded is known as _______
• If all other factors remain equal, the higher the price of a good, the fewer people will demand that good means what?
• Quantity of a product people are willing to buy at a certain price is known as ______.
• If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
• ______ is defined as a continuous increase in the general level of prices for goods and services
• The higher the ________ level of the employee, the lower the job satisfaction.
• The supply of a good refers to:
• In which of the following market structure is the degree of control over the price of its product by a firm very large?
• Fiscal Policy means: