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In this section, write whether each statement in the questions is True, False or Uncertain. Please fully support your answer, using a diagram if appropriate.

In this section, write whether each statement in the questions is True, False or

Uncertain. Please fully support your answer, using a diagram if appropriate. No

credit will be given for an answer without an explanation.

Question: Declining input prices for inputs used by a competitive firm in the production of a good tends to decrease the quantity of the good produced by the firm.

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