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An increase in production costs results from a rise in wages.

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Wiki User

12y ago
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Maria Martinez

Lvl 1
2y ago
Higher wages offer vs demand rise in the products and transportation gas oil etc quantities of workers like drivers
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Haven

Lvl 7
3mo ago

The development of a new energy source reduces production costs for a company.

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Q: Which of the following situations would the price of a good be most likely to increase?
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