menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Transactions and Strategies
  4. Exam
    Exam 8: Competition and Strategy
  5. Question
    If an Economic Change Lowers the Production Cost of a Commodity
Solved

If an Economic Change Lowers the Production Cost of a Commodity

Question 38

Question 38

True/False

If an economic change lowers the production cost of a commodity but does not reduce its market price, economic value will be created.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q33: The figure given below represents a monopoly

Q34: The figure given below represents a firm

Q35: In a market characterized by many buyers

Q36: Under a _, the assets of two

Q37: How do firms benefit by maintaining public

Q39: In order to be successful as an

Q40: If Electro is a retailer of ductile

Q41: When can a seller's investment in reducing

Q42: Assume that the adoption of a new

Q43: A person with no competitive ideas can

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines