Land used for commercial Christmas trees can also produce pulpwood. Therefore, an increase in the expected market price of Christmas trees tends to
A) reduce the demand for Christmas trees.
B) increase the supply of Christmas trees.
C) increase the cost of producing pulpwood.
D) decrease the cost of producing pulpwood.
C
Economics
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If your income goes down, you will probably purchase fewer goods and services.
a. true b. false
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