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If Two Resources Are Highly Substitutable for One Another

Question 43

Multiple Choice

If two resources are highly substitutable for one another,


A) a decrease in the price of one will increase unit costs of production.
B) an increase in the price of one will increase the demand for the other.
C) an increase in the price of one will reduce the demand for the other.
D) a decrease in the price of one will increase the demand for the other.

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