Question

select the correct answer. jack sells homemade chocolates and cookies. he expects the price of chocolates to increase around valentines day, so he prepares to make more chocolates in february. which economic concept lies behind jacks decision to make more chocolates in february? a. equilibrium b. law of demand c. law of supply d. negative externality e. positive externality

Explanation:

Jack increases chocolate production due to expected higher prices, which aligns with the law of supply (price and quantity supplied have a direct relationship).

Answer:

C. law of supply