If the government increase its regulations on business, production costs go
down and firms are able to produce more at all possible prices. TRUE or FALSE?
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Answer:
True
Explanation:
If the government increase its regulations on business, production costs go down and firms are able to produce more at all possible prices. ... The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship between price and quantity demanded.
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