Suppose Product X Is an Input in the Production of Product

question 276

Multiple Choice

Suppose product X is an input in the production of product Y.Product Y in turn is a substitute in production for product Z.An increase in the price of X can be expected to:

• A)decrease the quantity demanded for Z.
• B)increase the quantity demanded for Z.
• C)have no effect on the quantity demanded for Z.
• D)decrease the supply of Z.

---

Definitions:

Training Programs

Training programs are structured educational or skill development initiatives designed to enhance the abilities or knowledge of individuals within a specific area or profession.

Management Styles

Various approaches to overseeing and directing the work of others, often characterized by the manner of decision-making, leadership, and communication.

Organizational Psychologist

A professional who applies psychological principles to the workplace to improve productivity, work-life balance, and employee satisfaction.

Personnel Psychologist

A professional who applies psychological theories and principles to the workplace, focusing on personnel selection, training, and evaluation.