Answer:
The three question of economics are: what to produce, how to produce and for whom to produce? All of this implicate the scarcity of resources, which is what sums up all three questions. How to efficiently use what we have in order to make the biggest output possible? Inputs are limited, and businesses should use resources wisely, in a planned manner.
Commercial paper should be sold on a discount
The answer to this questions is "substitution effect" and the "income effect". Thus, we can have a complete sentence such as below:
Josh's wages rise and he decides to work more hours, we know that "substitution" effect has dominated the "income" effect.
Consumers influence the decisions of producers c) through the purchasing decisions they make.
