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If a seller expects the price of a good to rise in the future, the seller will
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
Farmer Brown has ten dairy cows. The cost of feed goes up, but milk production stays the same. What does Farmer Brown do?
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
What does technology generally do to production?
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
Why does an economist create a market demand schedule?
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
The price of home computers rises. According to the law of supply, what will computer makers do?
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
What is the effect of import restrictions on supply?
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
Which of the following actions by the government constitutes a subsidy?
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
Which of these statements is an example of the “bandwagon” advertising approach?
make more computers
They cause the available supply of goods to drop.
Be like other cool people and use this hair gel.
store these goods until the price goes up.
to predict how all people will change their buying habits when prices change
It lowers cost and increases supply.
She raises milk prices.
a payment to farmers for not cultivating land
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