Multiple Choice
A rise in the price of a substitute in production for a good leads to
A) a decrease in the quantity of that good supplied.
B) an increase in the supply of that good.
C) no change in the supply of that good; instead there is a change in the quantity supplied.
D) no change in either the supply or the quantity supplied of the good.
E) a decrease in the supply of that good.
Correct Answer:
Verified
Related Questions
