Resource X Is Necessary to the Production of Good Y

question 73

Multiple Choice

Resource X is necessary to the production of good Y.If the price of resource X falls,the equilibrium price of Y will ______________ and the equilibrium quantity of Y will ________________.

• A) rise; rise
• B) fall; fall
• C) fall; rise
• D) rise; fall

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Definitions:

Perspiration

The process of sweating or the secretion of fluids by the sweat glands in the skin.

Physiological Measures

Quantitative data gathered about biological processes, such as heart rate, brain activity, or hormone levels, to study bodily functions.

Archival

Pertaining to the use or study of historical documents and records for research.

Self-Report

A method in which individuals provide data about themselves, often in questionnaires or interviews.