alleryWhy do higher prices motivate firms to produce more?
Afalling demand
Bhigher revenue
Cfixed charges
Dlower storage
Answer & Solution
Correct answer: B. higher revenue
Rising prices yield greater marginal revenue, motivating producers to supply more goods.
Keep practising Markets and Theory of Supply
Browse all Markets and Theory of Supply questions for ICSE Class 10, or explore more Economics topics.
Related questions
Match scope reach:
1. Buyer: p. Shielded
2. Public: q. Guarded
3. Trade: r. FairMatch ministry lead:
1. Leader: p. Paswan
2. Desk: q. Ministry
3. House: r. Lok SabhaMatch forum speed:
1. Rules: p. Simple
2. Court: q. Friendly
3. Time: r. SwiftMatch Agmark scope:
1. Grade: p. Standards
2. Farm: q. Produce
3. Pack: r. ProceduresMatch choice right:
1. Access: p. Assured
2. Goods: q. Variety
3. Price: r. CompeteMatch CCPA wing:
1. Wing: p. Inquiry
2. Study: q. Evidence
3. Base: r. StatutoryMatch reform scope:
1. Court: p. Ease load
2. Avenue: q. Redress
3. Panels: r. CitizenMatch enactment:
1. Force: p. July 2020
2. CCPA: q. July 2020
3. Signed: r. Aug 2019