Lead is an important input in the production of crystal.If the price of lead decreases,other things equal,we would expect the supply of

Question

Quizplus · Accepted Answer

If the price of lead decreases, the production costs of crystal will decrease, leading to an increase in supply as crystal producers are now more willing and able to supply more crystal at lower costs. Therefore, the supply of crystal would increase.

Lead Is an Important Input in the Production of Crystal