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

Question

Quizplus · Accepted Answer

When the price of an input in the production of a good decreases, the supply of the good is likely to increase as producers can produce more of the good at a lower cost. Therefore, if the price of lead (an input in crystal production) decreases, we would expect the supply of crystal to increase.

Lead Is an Important Input in the Production of Crystal