When the price level rises more than expected, a firm with a sticky price will sell its output at a price that is: a. less than it desires and decrease its production. b. less than it desires and decrease its production. c. less than it desires and increase its production. d. more than it desires and increase its production.

Question

05-12-2022
Business

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When the price level rises more than expected, a firm with a sticky price will sell its output at a price that is: a. less than it desires and decrease its production. b. less than it desires and decrease its production. c. less than it desires and increase its production. d. more than it desires and increase its production.

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