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As the price of a resource used in the production of good "X" increases, a firm's per-unit costs of production will (decrease/increase), the market price of good "X" will (decrease/increase), and the firm's demand for most of the resources used in the production of good "X" will (decrease/increase). A. Increase; decrease; decrease. B. Decrease; increase; decrease. C. Increase; increase; increase. D. Increase; increase; decrease. E. Decrease; decrease; decrease.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92195319

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