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For this question,assume that expectations of P and A are correct.Now suppose that there is a 1% increase in A.Given this information,which of the following will occur?
Self-Interest
An individual's actions and decisions are motivated by their own personal gain or interest, often considered as the driving force behind economic activity.
Competition
is the rivalry among sellers in the same market to attract customers by offering better terms, quality, or services.
Freedom of Enterprise
Freedom of enterprise is the principle that individuals or businesses have the right to own, operate, and profit from their own ventures in an open market with minimal government interference.
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