Suppose the Price of Aluminum Rises, and as a Result

question 177

Multiple Choice

Suppose the price of aluminum rises, and as a result, a manufacturing company purchases tin to use in place of the now higher-priced aluminum. This is referred to as

• A) substitution in consumption.
• B) substitution in production.
• C) reverse substitution.
• D) factor reversal.

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Definitions:

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Mergers between firms that operate in unrelated business activities.

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Antitrust Laws

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