A reduction in the aggregate price level, P, will most likely have which of the following effects?

When a home builder decides to computerize all of its production schedule, it directly answers the ________ question

A) for whom B) what C) where D) how E) why

If a perfectly competitive firm is a price taker, then _____

a. pressure from competing firms will force it to accept the prevailing market price b. it will be a relatively large player compared to its competitors in the overall market c. it will increase or decrease its output to vary the total quantity supplied in the market d. quality differences will be very perceptible and will play a major role in consumers' decisions