The Price of One Good Produced by a Multiproduct Industry

question 281

Multiple Choice

The price of one good produced by a multiproduct industry rises.For another good produced by that industry

• A)the supply curve will shift to the left.
• B)the supply curve will remain constant.
• C)the supply curve will shift to the right.
• D)the demand curve will shift to the right.

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Definitions:

Payroll Taxes

Taxes imposed on employers and employees, usually calculated as a percentage of the salaries that employers pay their staff.

Cash Assistance

Financial aid provided in the form of liquid funds to individuals or families in need, often by governmental or charitable organizations.

Entitlement Programs

Government-sponsored programs that guarantee certain benefits to a particular segment of the population.

Transfer Payments

Payments made by governments to individuals without the expectation of a direct return service or goods, often as part of welfare or social security programs.