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When prices for durable goods increase, firms can rapidly increase production to match demand. True or false

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST10: The Question Of Resource Exhaustion

Section: Chapter Questions

Problem 1CQ

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When prices for durable goods increase, firms can rapidly increase production to match demand. True or false

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