A Rise in the Price of a Substitute in Production

question 119

Multiple Choice

A rise in the price of a substitute in production for a good leads to

• A)no change in the supply of that good; instead there is a change in the quantity supplied.
• B)no change in either the supply or the quantity supplied of the good.
• C)an increase in the supply of that good.
• D)a decrease in the quantity of that good supplied.
• E)a decrease in the supply of that good.

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Definitions:

Sugary Beverages

Drinks with high levels of added sugars, often contributing to excessive calorie intake and health issues.

Whole Grains

Grains that contain all essential parts and naturally-occurring nutrients of the entire grain seed in their original proportions.

Meatless Meal

A meal that contains no meat products, suitable for vegetarians or for those choosing to exclude meat for other reasons.

Enhanced Health Management

An approach to improve health outcomes by optimizing care practices, resource allocation, and patient engagement through innovative strategies.