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If the Production of Two Goods Uses a Common Input

Question 2

Multiple Choice

If the production of two goods uses a common input, increases in production of one good will cause:


A) decreases in the supply and increases in the price of the other good.
B) decreases in the supply and price of the other good.
C) increases in the supply and price of the other good.
D) increases in the supply and decreases in the price of the other good.

Correct Answer:

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