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What will new producers do when prices rise? (this is economics, but that's not a option)
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What will new producers do when prices rise? (this is economics, but that's not a option)

User Samuel Vicent
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6 votes

Answer:

a. Excess demand will cause the price to rise, and as price rises producers are willing to sell more, thereby increasing output.

Step-by-step explanation:

User Sharku
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