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tia_tia [17]
4 years ago
5

As a producer, you are willing to supply the most goods at the highest price. This is because the highest price earns you the __

___.
History
2 answers:
asambeis [7]4 years ago
7 0

The correct answer is: "the maximum profit".

A supply function represents the quantity of a certain good or service that producers are willing to supply at different prices level. The law of supply states that there is a direct relationship between price and quantity supplied (ceteris paribus).

<u>Higher market prices would encourage producers to manufacture and sell a larger total output, attempting to maximize their profits</u>.

marta [7]4 years ago
4 0
The highest price earns you the most profit 
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