Question:
Which statement best explains the role of producers in economics? Producers supply goods and services.Producers purchase goods and services.Producers create theories about the market.Producers sell shares for companies in the market.
Which statement best explains the role of producers in economics
Posted By Admin @ September 06, 2022
Answer:
The answer is "Producers supply goods and services."
Inverse each customer in a market trade is a producer. Producers supply the merchandise and ventures that buyers demand. Producers may leave the market, diminishing the amounts provided at certain costs.
The law of supply discloses to us that makers respond in unsurprising approaches to an adjustment in the cost of a decent or administration. As Producers supply more at higher costs, and less at bring down costs, the amount provided is said to "move along the supply curve."
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