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:

Correction Capabilities

The ability of a system or process to adjust and correct itself to maintain or resume proper functioning.

Control Process

A method used to guide and manage tasks, operations, or systems to achieve desired outcomes and standards.

Objectives And Standards

Targeted outcomes that individuals or organizations aim to achieve, measured against predetermined benchmarks.

Corrective Action

Measures taken to rectify, fix, or improve a situation or process following the identification of a problem or mistake.