Author Question: A limit price is never a predatory price. Indicate whether the statement is true or ... (Read 54 times)

anjilletteb · **on:** Jun 30, 2018

A limit price is never a predatory price.
Indicate whether the statement is true or false

Question 2

An increase in the price of a resource would cause:
a. producers to substitute other inputs for the resource.
b. consumers to substitute other products for goods that increase in price as the result of the higher resource price.
c. an increase in the demand for products that use the resource intensely.
d. both (a) and (b) to occur.