Suppose That in Each of Four Successive Years, Producers Sell

question 171

Multiple Choice

Suppose that in each of four successive years, producers sell more of their product and at lower prices. This could be explained

• A) by small annual increases in supply accompanied by large annual increases in demand.
• B) in terms of a stable supply curve and increasing demand.
• C) in terms of a stable demand curve and increasing supply.
• D) as an exception to the law of supply.

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