Suppose the demand for hamburgers increases. In the short run, firms that produce hamburgers will experience a rise in prices, which will induce them to
A) increase production and decrease the number of workers.
B) decrease production and increase the number of workers.
C) decrease production and decrease the number of workers.
D) increase production and increase the number of workers.
Question 2
Income that flows to the private sector for services and production is called
A) national income. B) net income. C) derived income. D) deficit income.
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