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History, 25.02.2021 21:40, tdluong157
Consumers decide what goods to purchase from businesses based on what price they believe is reasonable. How might this lead to an increase in the standard of living?
A. Businesses respond by producing better goods at lower prices.
B. Businesses will increase output, which increases profit.
C. Government will have more options in regulating the market.
D. Workers will have access to new jobs and higher wages.
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Answers: 1
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