In this graph, if firms are producing at level Y2, then inventories will _____, inducing firms to _____ production. a. rise; not change b. rise; increase c. remain unchanged; decrease d. remain unchanged; not change
In this graph, if firms are producing at level Y2, then inventories will _____, inducing firms to _____ production. a. rise; not change b. rise; increase c. remain unchanged; decrease d. remain unchanged; not change
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterB: Indifference Curves
Section: Chapter Questions
Problem 1RQ: Exercise B1 What point is preferred along an indifference Curve?
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In this graph, if firms are producing at level Y2, then inventories will _____, inducing firms to _____ production.
a. rise; not change
b. rise; increase
c. remain unchanged; decrease
d. remain unchanged; not change
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