Which of the following could be responsible for a decrease in the price of wheat?
a. an increase in the supply of wheat
b. an increase in the demand for wheat
c. a decrease in the demand for wheat
d. Either a. or c. could decrease the rice of wheat.
d
Economics
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In the long run, a monopolistically competitive firm that trades internationally ____________ than it would in autarky.
a. will produce more output b. will earn more monopoly profits c. will have higher average costs d. will produce more output and earn more monopoly profits
Economics
________: the level of output per unit of input
Fill in the blank(s) with correct word
Economics