What does a higher price

for a good tell a producer?

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Elian Schroeder

14 February, 11:45

What does a higher price

for a good tell a producer?

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Israel · Answer 1

A higher price for a good tells the producer to produce more as higher price means more profit. Higher price for a god encourage new producer to produce good and enter the market to earn profit.

What does a higher pricefor a good tell a producer?

What does a higher price

for a good tell a producer?