Milk can be used to produce cheese or butter.If the price of a kilogram of butter rises,what happens to the supply of cheese?
A) The supply of cheese could increase,decrease or stay the same depending on what happens to the supply of butter.
B) The supply of cheese stays the same and there is a decrease in the quantity supplied of cheese.
C) The supply of cheese increases.
D) The supply of cheese stays the same and there is no change in the quantity supplied of cheese.
E) The supply of cheese decreases.
Correct Answer:
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Q45: It is expected that the price of
Q46: Which of the following increases the quantity
Q47: Q48: The supply schedule Q51: Which of the following does NOT increase Q52: The law of supply states that,other things![]()
A)shows one quantity at one
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