If two resources are substitutes _____
A)one enhances another's productivity.
B)an increase in the price of one will increase the demand for the other.
C)an increase in the price of one will increase the supply of the other.
D)an increase in the price of one will decrease the demand for the other.
E)a decrease in the price of one will increase the demand for the other.

Question

Quizplus · Accepted Answer

When two resources are substitutes, an increase in the price of one resource will make the other more attractive to consumers, thereby increasing the demand for the substitute resource.

If Two Resources Are Substitutes _____