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Social Studies, 26.04.2020 03:50 jackchelly
In which of the following situations would the price of a good be most likely to decrease?
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a. the development of a new energy source reduces production costs for a company.
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b. consumers start using more of a good because the quality has increased significantly.
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c. a rise in demand happens too quickly for producers to increase production to keep up.
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d. an increase in production costs results from a sudden increase in wages.
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In which of the following situations would the price of a good be most likely to decrease?
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