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kolitchko kolitchko
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5 years ago
Suppose a company expects prices in general to rise by 5%, but the price of its product rises by 2%. How will the company respond to the price change?
A) It will increase production since it's getting a higher price for the product.
B) It will increase production more slowly since it's price is rising more slowly than average.
C) It will reduce production since it perceives a relative decline in the demand for its product.
D) It will stop production and shut down until prices rise more quickly.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
Authors:
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pepebillypepebilly
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kolitchko Author
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5 years ago
Smart ... Thanks!
ethom947
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Yesterday
This helped my grade so much Perfect
jayfo05
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2 hours ago
Thank you, thank you, thank you!
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