Question

Suppose that you are a bicycle producer. In 2 or 3 sentences, explain why you are willing to supply the most bicycles at the highest price.

Answer 1

As a bicycle producer, I will be willing to supply the most bicycle at the highest price because selling at the highest price will increase the profits that I am going to realize. If I am producing large amount of bicycles at a go, I will spend less money to produce much bicycles, this will leads to greater profits for me.
Realizing more profits from my bicycle production business will allow me to expand my company and increase my wealth.