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In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease? current supply will _________, and, as a result, current prices will _________.

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In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease?Current supply will decrease; and, as a result, current prices will increase.

A producer is someone who creates and supplies goods or services. Producers combine labor and capital—called factor inputs—to create—that is, to output—something else. Business firms are the main examples of producers and are usually what economists have in mind when talking about producers.The people who do the selling and buying are producers and consumers.

Producers create, or produce, goods and provide services, and consumers buy those goods and services with money. Most people are producers and consumers. Producers are all kinds of green plants. Green plants get their food by receiving sunlight and using energy to produce sugar. Plants use this sugar, also known as glucose, to make many things, such as trees, leaves, roots, and bark. Trees such as giant oak and American beech are examples of producers.

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