Multiple Choice
Suppose product X is an input in the production of product Y.Product Y in turn is a substitute in production for product Z.An increase in the price of X can be expected to:
A) decrease the quantity demanded for Z.
B) increase the quantity demanded for Z.
C) have no effect on the quantity demanded for Z.
D) decrease the supply of Z.
Correct Answer:
Verified
Correct Answer:
Verified
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