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

By supplying the most bicycles at the highest price, you are maximizing your profit gained. Also, you will be able to produce more bicycles to sell. This creates a very good cycle for me, the producer. As long as the demand for bicycles doesn't decrease, selling at the highest price returns the most profit.