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A Reduction in Production Costs Will Result in A(n)

Question 361

Multiple Choice

A reduction in production costs will result in a(n) :


A) rightward shift of the supply curve.
B) increase in supply.
C) greater willingness and ability of producers to supply a larger quantity at any given price.
D) greater willingness and ability of producers to supply the same quantity at a lower price.
E) all of these.

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