A Reduction in Production Costs Will Not Result in Which

question 26

Multiple Choice

A reduction in production costs will not result in which of the following?

• A) rightward shift of the supply curve.
• B) increase in supply.
• C) greater willingness and ability of producers to supply a larger quantity at any given price.
• D) greater willingness and ability of consumers to demand a larger quantity at any given price.

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Definitions:

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A branch of rehabilitative healthcare that uses specially designed exercises and equipment to help patients regain or improve their physical abilities.

Inattention

When an entrepreneur becomes sidetracked from the core business.

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Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, and reasoning.