If Goods X and Y are substitutes in production, if the price of Good X increases, this will cause a movement _________ the supply curve for Good X and a _________shift in the supply curve for Good Y.

Question

If Goods X and Y are substitutes in production, if the price of Good X increases, this will cause a movement _________ the supply curve for Good X and a  _________shift in the supply curve for Good Y.

Quizplus · Accepted Answer

When the price of Good X increases, producers are willing to supply more of Good X, causing a movement up along the supply curve for Good X. Since Goods X and Y are substitutes in production, resources may be reallocated from producing Good Y to Good X, causing a leftward shift in the supply curve for Good Y.

If Goods X and Y Are Substitutes in Production, If