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A Decrease in the Opportunity Cost of Steel Production Will

Question 197

Multiple Choice

A decrease in the opportunity cost of steel production will:


A) increase the price of steel.
B) make suppliers more likely to produce steel, thus shifting the supply curve up and to the left.
C) make suppliers more likely to produce steel, thus shifting the supply curve down and to the right.
D) entice producers to produce more substitute goods.

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