June100 Posted October 5, 2020 Report Share Posted October 5, 2020 (edited) Hello, everyone! I think that when a producer expects that price will fall, he would supply more now for higher profit relatively. However, my teacher said that a producer begins to supply less because producers have to plan ahead, if he produces more now, he is likely to end up with a surplus in the future. I'm sooo confused...please explain this Thank you😊 Edited October 16, 2020 by June100 Reply Link to post Share on other sites More sharing options...
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