Question: Given that energy is an input in production, the development of a cheaper source of energy will result in: (choose one) a lower amount of

Given that energy is an input in production, the development of a cheaper source of energy will result in: (choose one)

a lower amount of production at every price level.

a higher price level and a higher amount of production.

a lower profit at every price level.

a higher amount of production at every price level.

a lower price level and a lower amount of production

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