If a and B Are Substitutes in Production and the Price

question 77

Multiple Choice

If A and B are substitutes in production and the price of A falls,the supply of B

• A)increases,and the price of B rises.
• B)increases,and the price of B falls.
• C)decreases,and the price of B falls.
• D)decreases,and the price of B rises.
• E)does not change.

---

Definitions:

Intellectual Quandary

A state of confusion or uncertainty, often involving a complex or perplexing matter that requires deep intellectual effort to resolve.

Primary Mental Abilities

Basic intellectual skills that include numerical and verbal abilities, spatial relations, memory, and others, as identified by psychologist L.L. Thurstone.

Thurstone

A psychologist known for his contributions to psychometrics and the theory of intelligence, including the development of multiple-factor analysis.

Visual-Spatial Skill

Visual-spatial skill involves the ability to understand and manipulate objects and their spatial relationships, important in tasks like navigating environments and solving puzzles.