Why is this statement wrong: Economists argue that lower prices will result in fewer units being supplied.
Question:
1. The statement ignores changes in quantity demanded.
2. The statement ignores changes in tastes.
3. The statement ignores changes in demand.
4. The statement ignores changes in the cost of production.
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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