Everything Else Held Constant,a Decrease in the Cost of Production

question 52

Multiple Choice

Everything else held constant,a decrease in the cost of production ________ aggregate ________.

• A)increases;demand
• B)decreases;demand
• C)increases;supply
• D)decreases;supply

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Definitions:

Fenders

Protective components of a vehicle that frame the wheel wells and minimize mud, liquid, rocks, or sand from being thrown into the air by the tires.

Production Line

A manufacturing process in which parts or components are added in a sequential manner to create a finished product.

Stamping Press

A machine tool that shapes or cuts metal by deforming it with a mold, used in various manufacturing processes to produce components.

Production Costs

Expenses directly attributed to the process of producing goods or providing services.