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Given that energy is an input in production, the development of a cheaper source of energy will result in: (choose one) a lower amount of
Given that energy is an input in production, the development of a cheaper source of energy will result in: (choose one)
a lower amount of production at every price level.
a higher price level and a higher amount of production.
a lower profit at every price level.
a higher amount of production at every price level.
a lower price level and a lower amount of production
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