Pork can be used to produce bacon or sausage, but not both.If the price of bacon rises for some reason, then, everything else equal,
A)the price of sausage will rise.
B)the price of sausage will fall.
C)the resources used in raising pork will become more expensive.
D)the resources used in raising pork will become less expensive.

Question

Quizplus · Accepted Answer

If the price of bacon rises, then producers will have an incentive to shift their resources towards producing more bacon and less sausage. This will reduce the supply of sausage, causing its price to rise.

Pork Can Be Used to Produce Bacon or Sausage, but Not