Answer to Question #208132 in Economics for Beauty Magadlela

Question

Suppose you make gold jewellery . If the price of gold falls , we would expect you to

A . Face a greater demand for your jewellery

B be willing and able to produce more jellewery than before at each possible price

C face a weaker demand for your jewellery

D be willing and able top produce less jewellery than before at each possible price

Answer 1

If the price of gold falls, we would expect you to be willing and able to produce more jellewery than before at each possible price.

So, the correct answer is B.