Lead is an important input in the production of crystal.If the price of lead decreases,all else being equal,what would we expect

Question

Quizplus · Accepted Answer

If the price of lead decreases, the cost of inputs decreases for crystal producers. This will cause an increase in the supply of crystal, which will lower the equilibrium price of crystal. Therefore, the supply of crystal will increase. The supply of lead may or may not increase, as it depends on other factors affecting the supply of lead.

Lead Is an Important Input in the Production of Crystal