A Rise in the Price of a Substitute in Production

question 59

Multiple Choice

A rise in the price of a substitute in production for a good leads to

• A) a decrease in the quantity of that good supplied.
• B) an increase in the supply of that good.
• C) no change in the supply of that good; instead there is a change in the quantity supplied.
• D) no change in either the supply or the quantity supplied of the good.
• E) a decrease in the supply of that good.

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Definitions:

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People of Latin American origin or descent, often residing in the United States, with diverse cultural backgrounds.

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The assistance or medical care provided by a doctor, including diagnosis, treatment, and health management.

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Categories of people who identify with each other based on common ancestral, social, cultural, or national experiences.