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When the price of a good rises, total supply in the market will rise, but some entrepreneurs might actually choose to work less. Why might they make this choice?

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User Poma
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1 Answer

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Answer: Lack of resources

Explanation: Some entrepreneurs might actually choose to work less even when the prices of the goods rises because there might be lack of resources or restrictions on production beyond a certain level .

These individuals will earn the profit they were getting before with less time of production and work, thus, their targets will be met early therefore they will work less.

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User Andy Fraley
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