Advanced Placement (AP)

Question 1 Multiple Choice Worth 3 points) (05.01 MC)
If the price of a factor of production decreases, ceteris paribus, the suppliers of that factor will respond by
O changing the quality
O increasing the quantity available
O increasing the productivity
O decreasing the productivity
decreasing the quantity available

answer
Answers: 2

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Question 1 Multiple Choice Worth 3 points) (05.01 MC)
If the price of a factor of production...

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