Goods A and B are substitutes in production. The price of good A rises. As a result, the equilibrium price of good B -, and the equilibrium quantity A) rises; decreases B) falls; increases C) falls; decreases D) rises; increases
Goods A and B are substitutes in production. The price of good A rises. As a result, the equilibrium price of good B -, and the equilibrium quantity A) rises; decreases B) falls; increases C) falls; decreases D) rises; increases
Chapter4: Markets In Action
Section: Chapter Questions
Problem 6SQ
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