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April 20, 2014

Homework Help: Economics *Micro

Posted by SadBob on Saturday, February 14, 2009 at 10:22pm.

If the price of a good is low,
a. firms would increase profit by increasing output.
b. the supply curve for the good will shift to the left.
c. the quantity supplied of the good could be zero.
d. firms can and should raise the price of the product.

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