Homework answers / question archive / As the economy approaches the peak phase of the cycle, profits will tend to: (a) decrease because of higher sales but lower prices (b) increase because of higher sales and higher prices (c) decrease because of lower sales (d) increase because of the elasticity of demand

As the economy approaches the peak phase of the cycle, profits will tend to: (a) decrease because of higher sales but lower prices (b) increase because of higher sales and higher prices (c) decrease because of lower sales (d) increase because of the elasticity of demand

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As the economy approaches the peak phase of the cycle, profits will tend to:

(a) decrease because of higher sales but lower prices

(b) increase because of higher sales and higher prices

(c) decrease because of lower sales

(d) increase because of the elasticity of demand