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Econ Exam Quiz! #1 Flashcards | StudBud
Econ Exam Quiz! #1
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Which of these
best
describes the influence of high prices on the behavior of producers?
A
High prices are an incentive for producers to produce more.
B
High prices are an incentive for producers to produce less.
C
High prices have no significant influence on the behavior of producers.
D
High prices influence producers to use fewer raw materials and less labor.
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0
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