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Chapter 8 Building Blocks in Economics the Problem of Choice - Part 3

In a market economy, what can rising demand for a product encourage producers to do?

Type: MCQ • Marks: 1
In a market economy, what can rising demand for a product encourage producers to do?
Options
A. Eliminate prices
B. Stop production automatically
C. Ignore consumers
D. Increase production if profitable
Explanation
Explanation: Higher demand and potentially higher prices can create incentives for producers to expand output.
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