Social Studies, 01.02.2020 10:42 Krystallyah
When the price of a capital good increases, what happens to the prices of related consumer goods and services? why?
a)prices increase due to the decrease in the supply of the capital good
b)prices stay steady -- producers adjust by switching to another good
c)prices increase due to the increase in production costs
d)prices decrease because consumers decrease their purchases
Answers: 2
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When the price of a capital good increases, what happens to the prices of related consumer goods and...
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