Suppose the supply curve for digital cameras shifts to the right. This will cause a relatively large decrease in the price of digital cameras if both demand and supply are inelastic.
Indicate whether the statement is true or false
Question 2
Which of the following statements about economic resources is true?
A) Economic resources include financial capital and money.
B) All economic resources are man-made.
C) Economic resources are also called factors of production.
D) Economic resources are used only by businesses.
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