Multiple Choice
Assuming constant wages implies that
A) an increase in the price of goods raises profits and SAS is vertical.
B) a decrease in the price of goods lowers profits and SAS is horizontal.
C) an increase in the price of goods lowers profits and SAS is vertical.
D) an increase in the price of goods raises profits and SAS is positively sloped.
Correct Answer:
Verified
Correct Answer:
Verified
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