Suppose product Y Is an Input In the production of product Z. Product Z In turn Is a substitute for product X. A decrease In the price of Y can be expected to Multiple Cholce decrease the demand for X. Increase the demand for X. have no effect on the demand of product X. decrease the sSupply of X. Increase the supply of X.
Suppose product Y Is an Input In the production of product Z. Product Z In turn Is a substitute for product X. A decrease In the price of Y can be expected to Multiple Cholce decrease the demand for X. Increase the demand for X. have no effect on the demand of product X. decrease the sSupply of X. Increase the supply of X.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Suppose product Y Is an Input In the production of product Z. Product Z In turn Is a substitute for product X. A decrease In the prlce of Y can be expected to
Multiple Cholce
decrease the demand for X.
Increase the demand for X.
have no effect on the demand of product X.
decrease the supply of X.
Increase the supply of X.
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