Discrepancies of quantity occur because individual producers want to produce large quantities of products while individual consumers prefer to buy products in small quantities.

Question

Quizplus · Accepted Answer

This statement is true as producers aim to maximize their profits by producing in large quantities while consumers may only want to purchase small quantities due to their individual needs and budget limitations. This leads to a difference in the quantity of products in demand and supply, resulting in market discrepancies.

Discrepancies of Quantity Occur Because Individual Producers Want to Produce