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A raise in the price of a product (1) Causes firms to decrease production. (2) Causes a decrease in supply. (3) Increases competition. (4) Decreases competition.
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44 votes
44 votes
A raise in the price of a product

(1) Causes firms to decrease production.
(2) Causes a decrease in supply.
(3) Increases competition.
(4) Decreases competition.

User Andersfylling
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1 Answer

16 votes
16 votes
I would say 4

Hope this helps!!
User Olabode
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