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 :

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