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In the Short Run,in Response to a Decrease in Demand,producers

Question 12

Multiple Choice

In the short run,in response to a decrease in demand,producers will typically choose _______ prices,but rather to meet the decreased demand at _______ prices.


A) not to cut;preset
B) to cut;variable
C) not to raise;preset
D) to raise;variable
E) to cut;preset

Correct Answer:

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