what is happening in each scenario using economic terms in reference to supply and demand? How would I write a graphical analysis of market activity?…
September 3, 2020
Suppose the total population is 1,500 million of whom 1,250 million are in the labor force.
September 3, 2020

Alpha Dog Foods is a business firm which produces 10,000 unites of dog food a week, which is the optimal output for the size of the business. If prices for this product are flexible and Alpha Dog Foods experiences an unexpected decrease in demand, it is most likely to:

increase the product price.

decrease the product price.

increase the production of the product.

decrease the production of the product.

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