Suppose a New Use for Aluminum Has Been Discovered,making Aluminum

question 52

Multiple Choice

Suppose a new use for aluminum has been discovered,making aluminum more expensive.In a market system:

• A)the aluminum roof producers may choose to look for other substitutes for aluminum.
• B)aluminum producers will choose to increase production of aluminum.
• C)auto manufacturers will find it in their best interest to use more aluminum.
• D)A and B are correct.

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Definitions:

Mission Statement

A brief description of a company's fundamental purpose, outlining its objectives and guiding principles.

Heart

In a biological context, it is the muscle that pumps blood through the circulatory system; in a metaphorical sense, it can be considered the core or central part of something.

External Environment

Refers to the outside factors and influences that can affect the performance and operation of a business, including economic, political, technological, and social elements.

Opportunities

Chances or prospects for advancement, progress, or profit in various contexts.