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What does the law of increasing costs state?

a.that as the price of one good increases, the demand for that good will also increase
b.that if the demand for a good increases, supply will increase, causing price equilibrium
c.that if the supply of one good increases, the demand for that good will decrease, causing a shortage
d.that as factors of production shift from producing one good or service to another, the cost of producing the second good or service increases?

User Semuzaboi
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1 Answer

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Answer:The answer is D

Step-by-step explanation:

User Josh Dando
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