Good a and Good B Are Substitutes in Production

question 351

Multiple Choice

Good A and good B are substitutes in production. The demand for good A decreases, which lowers the price of good A. The decrease in the price of good A

• A) decreases the supply of good B.
• B) increases the supply of good B.
• C) decreases the demand for good B.
• D) increases the demand for good B.

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Definitions:

Obligation

A duty or commitment that compels someone to act in a certain way, often based on moral or legal reasons.

Stronger Apology

A more impactful and sincere expression of regret for a mistake or wrongdoing.

Responsibility

The state or fact of being accountable or to blame for something, entailing the obligation to carry out duties or tasks.

Organization's Culture

The shared values, beliefs, and practices that characterize a company or institution, influencing how work is performed and how employees interact.