30. When prices rise, individuals and businesses devote more of their time or resources to producing or supplying because A. of the quest for profits. B. of the quest for higher prices. C. of their preferences. D. higher profits usually mean higher costs. 000

30. When prices rise, individuals and businesses devote more of their time or resources to producing or supplying because A. of the quest for profits. B. of the quest for higher prices. C. of their preferences. D. higher profits usually mean higher costs. 000

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 2DQ

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Question

30. When prices rise, individuals and businesses devote more of their time or resources to producing or supplying because
A. of the quest for profits.
B. of the quest for higher prices.
C. of their preferences.
D. higher profits usually mean higher costs.
000

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