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In a free-market system producers are motivated to reduce costs and increase revenues because of what?
The profit motive.
In a free-market system producers are motivated to reduce costs and increase revenues because of?
The profit motive.
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
When will there be an increase in supply?
An increase in supply occurs when producers are able and willing to offer more goods or services for sale at a given price. This can happen due to factors such as lower production costs, technological advancements, or an increase in the number of producers entering the market.
What would be the effect of an increase in producers?
An increase in producers typically leads to a greater supply of goods or services in the market, which can result in lower prices due to increased competition. This can enhance consumer choice and potentially stimulate demand. However, if the increase in producers outpaces consumer demand, it may lead to surplus and reduced profitability for some producers. Overall, the market dynamics shift towards a more competitive environment.
In a free-market system producers are motivated to reduce costs and increase revenues because of what?
The profit motive.
In a free-market system producers are motivated to reduce costs and increase revenues because of?
The profit motive.
In a free market system producers are motivated to reduce cost and increase revenues because of?
The profit motive.
Why in a free market system producers are motivated to reduce costs and increase revenues?
The Profit Motive
Which of the following best describes the economic effect that results from the government having budget surplus?
Demand increases, pushing producers to increase supply --> overal demand decreases, reducing the incentivefor producers to icrease production
When the number of producers in a particular industry increases you can expect supply to?
Increase
When the number of producers in particular industries increases you can expect supply to?
increase
When will there be an increase in supply?
An increase in supply occurs when producers are able and willing to offer more goods or services for sale at a given price. This can happen due to factors such as lower production costs, technological advancements, or an increase in the number of producers entering the market.
What best describes the economic effect that results from a government budget surplus?
Overall demand decreases reducing the incentive for producers to increase production
What motivated the Ku Klan's Fear and Violence?
an increase in racial, ethnic, and cultural diversity.
Which of these is a group of producers working together to raise prices and increase profits?
cartel
What do producers look to increase when making technological improvements in the game of economics?
Productivityproductivity
