A decrease in demand for organic products will ________ a firm's economic profit,and the increase in costs to produce organic produce will ________ a firm's economic profit.

Question

Quizplus · Accepted Answer

A decrease in demand for organic products will reduce a firm's revenue, thus decreasing economic profit. An increase in production costs will also reduce economic profit by increasing expenses.

A Decrease in Demand for Organic Products Will ________ a Firm's