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Irina-Kira [14]
3 years ago
6

Suppose there is a major technological advance in the production of a good that causes production costs to fall. If demand for t

he product is relatively inelastic, what will happen in the market? Price will relatively decrease greater than the increase in quantity. Price and quantity will change by the same amount. Price will relatively decrease less than the increase in quantity.
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

major key

Explanation:

the decrease of the price and quantity

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