Suppose a new use for aluminum has been discovered,making aluminum more expensive.In a market system:
A)the aluminum roof producers may choose to look for other substitutes for aluminum.
B)aluminum producers will choose to increase production of aluminum.
C)auto manufacturers will find it in their best interest to use more aluminum.
D)A and B are correct.

Question

Quizplus · Accepted Answer

When aluminum becomes more expensive, aluminum roof producers may seek substitutes to reduce costs, and aluminum producers may increase production to capitalize on higher prices.

Suppose a New Use for Aluminum Has Been Discovered,making Aluminum