If Goods X and Y Are Substitutes in Production, If

question 176

Multiple Choice

If Goods X and Y are substitutes in production, if the price of Good X increases, this will cause a _________the supply curve for Good X and a _________ the supply curve for Good Y.

• A)movement along; shift in
• B)shift in; shift in
• C)shift in; movement along
• D)movement along; movement along

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Definitions:

North American

Pertaining to the continent that includes Canada, the United States, and Mexico.

Fast-food Chains

Companies that operate outlets serving quick service foods, characterized by minimal table service and a focus on convenience.

Travel Abroad

The act of travel by individuals beyond their country's borders, for purposes such as leisure, business, or education.

Globally Linked

Connected across the world through various means such as the internet, trade, travel, and cultural exchanges, facilitating global communication and collaboration.