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