lateshawise7797 lateshawise7797

09-08-2024
Business

Answered

Select the correct answer.

Jack sells homemade chocolates and cookies. He expects the price of chocolates to increase around Valentine's Day, so he decides to make more chocolates in February. Which economic concept lies behind Jack's decision to make more chocolates in February?

A. Equilibrium
B. Law of demand
C. Law of supply
D. Negative externality
E. Positive externality

Answer :

GinnyAnswer GinnyAnswer

09-08-2024

Final answer:

Jack's decision to increase chocolate production in February aligns with the economic concept of the law of supply.

Explanation:

The economic concept behind Jack's decision to make more chocolates in February is the law of supply. According to this concept, as the price of chocolates is expected to increase around Valentine's Day, Jack plans to increase his supply of chocolates to meet the anticipated higher demand.

Learn more about Economic concepts and decision-making here:

https://brainly.com/question/38493427

Answer Link

Other Questions

2.Write a news-4paper headline that summarizesthe historical significance of eachdate listed below.September 30, 1962April 12, 1963June 11, 1963$June 12, 1963.A

Raad the answer and write appropriate interrogative sentence s.1 ) this laptop has the best price Technology rapport.2) yes,I live in Delhi. 3) I have taken the

1 GRAMMAR simple past: regular andirregular verbsa Write the simple past of these verbs in the correctcolumn.argue begin arrive ask buy can choose eatfeel invit

You have 250 mL of a 1 in 50 w/v solution. You want to dilute this solution to 500 mL. What is the concentration of the diluted solution in ratio strength

An active muscle at peak level of activity generates most of its ATP by:a) Hydrolysis of creatine phosphateb) Aerobic metabolism of TCA cycle and electron trans

Ananias was hesitant to go to Saul (later known as Paul) because he was afraid of him in Acts 9:10-19.a. Trueb. False

In the expansion of (a + x)^8, the coefficient of x^7 is 24. Determine the value of a.

demonstrate your understanding of the 2020 revisions to the deadly force statute (609.066). For this assignment, imagine you are creating reality-based training

What statement describes a pocket veto?a. The governor decides to ignore a bill and let the legislative session end without taking any action on the bill, in ef

Explain the debate over sweatshops. Compare and contrast the perspectives of those who find them beneficial to development and those who find them exploitative.