High School

Expectations among hiking boot makers that boot prices will rise significantly in the future will lead to which of the following now?

A. an increase in boot supply
B. no change in boot supply
C. a decrease in boot supply
D. a movement to the left along the boot supply curve
E. a movement to the right along the boot supply curve

Answer :

The expectations among hiking boot makers that boot prices will rise significantly in the future will lead to a movement to the right along the boot supply curve. So, the correct answer is E.

This is because the expected increase in prices will make hiking boots more profitable for the manufacturers, encouraging them to produce and supply more boots in the market. This would increase the quantity supplied at each price point and shift the supply curve to the right.

However, it is important to note that this increase in supply may not happen immediately as hiking boot production may take time and resources. Additionally, if the cost of production also increases, it could limit the extent to which the supply curve shifts to the right.

In conclusion, the expectation of higher prices will likely lead to an increase in the quantity supplied and a rightward shift in the supply curve in the long run, but the magnitude of this effect will depend on various factors.

To know more about supply curve refer here:

https://brainly.com/question/6075885#

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