A market for a product for which demanders are willing to pay more than costs of production may not arise because of:

a. high transactions costs.
b. strict price controls.
c. the inability of producers to gain economies of scale.
d. foreign countries dominating a domestic market for a product.

a

Economics

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Refer to Figure 13-1. Ceteris paribus, a decrease in government spending would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

Economics