If goods X and Y are substitutes in production,then a rise in the price of good X
A)increases the demand for good Y.
B)decreases the demand for good Y.
C)increases the supply of good Y.
D)decreases the supply of good Y.
E)might change the supply of Y;it depends on whether X and Y are also substitutes.

Question

Quizplus · Accepted Answer

When the price of good X rises, producers are likely to allocate more resources to produce X instead of Y, decreasing the supply of good Y.

If Goods X and Y Are Substitutes in Production,then a Rise