Question

Suppose that you are a bicycle producer. In three to four sentences, explain why you are willing to supply the most bicycles at the highest price.

Answer 1

Answer: If you sell your excellent bicycles at the highest price, you are assured of making the maximum amount of profit. Clearly the more bicycles sold, the more profit you will make and the more bicycles can then be produced. As long as the demand for bicycles remains high, the cycle of growth would continue.

Explanation:

Answer 2

Answer:

You may be certain of generating the most money if you sell your outstanding bicycles at the highest possible price. Obviously, the more bicycles sold, the more profit you'll make, and the more bicycles you'll be able to manufacture. The cycle of expansion will continue as long as there is a high demand for bicycles.

Explanation:

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