An increase in demand that leads to an increase in wealth

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

Will induce new firms to begin production

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Will induce existing firms to produce close substitutes

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Will induce both new and existing firms to bid resources away from other uses

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Will increase the value and hence the cost of resources used in producing that good

TuteeHUB · Answer

All of the above

1.	An increase in demand that leads to an increase in wealth
A.	Will induce new firms to begin production
B.	Will induce existing firms to produce close substitutes
C.	Will induce both new and existing firms to bid resources away from other uses
D.	Will increase the value and hence the cost of resources used in producing that good
E.	All of the above
Answer» F.

Discussion