Question 16 (Multiple Choice Worth 4 points)

A clothing company is considering whether a new technology will speed up their ability to fulfill customer orders. Which economic question are they focusing on?

A. What to produce?
B. How to produce?
C. Why to produce?
D. For whom to produce?



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Question 17 (Multiple Choice Worth 4 points)

As the price increases, the quantity demanded increases.

Is this statement true or false?

A. True
B. False