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:

Hard Drive

A data storage device used for storing and retrieving digital information using rapidly rotating disks coated with magnetic material.

Dispose Of

It refers to the act of getting rid of something, typically waste or items no longer needed.

Dictionary Words

Words that are recognized and defined in a dictionary, reflecting their correct spelling, meaning, and use.

Decrypt

The process of converting encoded or encrypted data back into its original format, making it readable again.