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

Question

Quizplus · Accepted Answer

A decrease in the price of lead would lead to a decrease in the production cost of crystal, which would increase the profitability of producing crystal. This would encourage crystal producers to increase their supply, resulting in an increase in the supply of crystal.

Lead Is an Important Input in the Production of Crystal