Multiple Choice
If planned spending exceeds the amount produced, how would a firm like John Deere satisfy an increased demand for tractors initially?
A) by drawing down tractor inventories
B) by increasing the production of tractors
C) by increasing the price for tractors
D) by waiting for demand to decrease
E) They will not be able to, and will lose sales.
Correct Answer:
Verified
Correct Answer:
Verified
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