Which of the following describes a situation in which the price of a good would rise?
a...
Social Studies, 06.10.2019 16:50 AnaiyaKirksey8
Which of the following describes a situation in which the price of a good would rise?
a. a new technology allows producers to increase supply very quickly.
b. scarce natural resources make it more difficult for producers to keep up with demand.
c. consumers start using less of a good because more substitutes are available.
d. production is increased in order to catch up with a sudden rise in demand.
Answers: 1
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