An increase in the price of a good would :a. Give producers an incentive to produce more. b. Increase the amount purchased by buyers. c.Decrease both the quantity demanded of the good and the quantity supplied of the good. d. Decrease the supply of the good

Brief Principles of Macroeconomics (MindTap Course List)
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ISBN:9781337091985
Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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An increase in the price of a good would :a. Give producers an incentive to produce more. b. Increase the amount purchased by buyers. c.Decrease both the quantity demanded of the good and the quantity supplied of the good. d. Decrease the supply of the good..

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