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As prices rise, producers will increase production of a product because Answer a.they are required to by law. b. they want to decrease the volume of sales. c. they want to obtain higher profits. d. they are spending less money on resources. .
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Question|Rated good
Asked 9/28/2012 8:59:31 AM
Updated 6/5/2014 9:30:40 PM
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User: As prices rise, producers will increase production of a product because Answer a.they are required to by law. b. they want to decrease the volume of sales. c. they want to obtain higher profits. d. they are spending less money on resources. .

Weegy: b. they want to decrease the volume of sales
Expert answered|dennis003|Points 754|

User: Which of the following are factors that can cause a shift in supply? Answer a. demand decreases and competition increases b.demand increases and competition decreases c. less availability of products and increasing market share d.production increases and establishment of new companies

Weegy: d.production increases and establishment of new companies
Expert answered|dennis003|Points 754|

User: Which of the following statements is the best example of the inelasticity of supply? Answer a. A barber shop changes its hours of operation. b. A wheat farmer must harvest his crop when it is ripe. c. A pizza parlor makes twice as many pizzas on Saturdays than on Wednesdays. d. A grocery store expands its produce section. .

Weegy: b. A wheat farmer must harvest his crop when it is ripe.
Expert answered|dennis003|Points 754|

Question|Rated good
Asked 9/28/2012 8:59:31 AM
Updated 6/5/2014 9:30:40 PM
1 Answer/Comment
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As prices rise, producers will increase production of a product because they want to obtain higher profits.

Added 6/5/2014 9:30:40 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [6/5/2014 9:35:53 PM]
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