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Decreased market demand for generic 2×4s

Decreased market demand for generic 2×4s as in illustrated graph would result within a(n) ___________ into the price of 2×4s as well as a(n) ___________ in this lumber mill’s profit-maximizing output. (w) increase; decrease. (x) increase; increase. (y) decrease; decrease. (z) decrease; increase.

1571_Profit Maximization.png

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