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    Economic Analysis
  4. Exam
    Exam 6: The Market System: Functions, Structure, and Institutions
  5. Question
    As the Cost of Resources Goes Up, Producers ________ Production
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As the Cost of Resources Goes Up, Producers ________ Production

Question 13

Question 13

Multiple Choice

As the cost of resources goes up, producers ________ production, which drives prices ________.


A) increase; up
B) increase; down
C) decrease; up
D) decrease; down

Correct Answer:

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