“When one of the factors of production is fixed in quantity or is di – McqOptions

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1.	“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the______________?
A.	Law of diminishing return
B.	Law of supply
C.	Law of demand
D.	Law of supply and demand
Answer» B. Law of supply

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