During a severe recession, a company is more likely to sell ________ units of goods they...
During a severe recession, a company is more likely to sell ________ units of goods they produce and ________ the prices.
A. fewer; raise
B. fewer; cut
C. more; raise
D. more; cut
Homework Answers
B. Fewer, cut
Reason- During severe recession, price level falls. output and income level also falls. Unemployment level rises. So a company is able to sell only fewer units of a good.
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