An increase in the demand for a product and a reduction in its costs of production would:

A. Decrease the profits of producers
B. Encourage firms to leave an industry
C. Encourage firms to enter an industry
D. Cause a shortage of the product


Answer: C

Economics

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A) marketable securities B) required reserves C) excess reserves D) bank capital

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The Nash equilibrium is

a. a pair of strategies, one for each player , in which player A's strategy is the best response while player B's is not b. a pair of strategies, one for each player , in which player B's strategy is the best response while player A's is not c. a pair of strategies, one for each player, in which each player's strategy is the best response to the other's d. a pair of strategies, one for each player, in which neither strategy is a best response

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If prices falls, what happens to the demand for a product?

What will be an ideal response?

Economics