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According to the law of supply, how should suppliers respond when there is an increase in prices? a. Suppliers should leave production unchanged but upgrade
According to the law of supply, how should suppliers respond when there is an increase in prices? a. Suppliers should leave production unchanged but upgrade their packaging to differentiate from competitors. b. Suppliers should leave production unchanged, as the government centrally plans your production. c. Suppliers should decrease production and hope the increased pricing allows them to cover costs. d. Suppliers should increase production to take advantage of the higher prices
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