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Suppose You Make Jewellery

Question 130

Multiple Choice

Suppose you make jewellery. If the price of silver increases, what would we expect you to do?


A) be willing and able to produce less jewellery than before at each possible price
B) be willing and able to produce more jewellery than before at each possible price
C) face a greater demand for your jewellery
D) face a weaker demand for your jewellery

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