How do expectations about future prices affect the supply of a commodity?
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The expectations that sellers have concerning the future price of a good, which is assumed constant when a supply curve is constructed. If sellers expect a higher price, then supply decreases. If sellers expect a lower price, then supply increases. ... Sellers seek to sell a good at the highest possible price.
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The expectations that sellers have concerning the future price of a good, which is assumed constant when a supply curve is constructed. If sellers expect a higher price, then supply decreases. If sellers expect a lower price, then supply increases. ... Sellers seek to sell a good at the highest possible price.
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