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QUESTION IMAGE

when companies increase the quality of materials used in the production…

Question

when companies increase the quality of materials used in the production of their products, their prices will tend to be
reduced.
lower.
higher.
the same.

Explanation:

Brief Explanations

When companies use higher-quality production materials, their production costs rise. To maintain profitability, they typically pass these increased costs to consumers through higher product prices.

Answer:

higher.