Suppose Product X Is an Input in the Production of Product

question 98

Multiple Choice

Suppose product X is an input in the production of product Y. Product Y in turn is a substitute for product Z. An increase in the price of X can be expected to

• A) decrease the demand for Z.
• B) increase the demand for Z.
• C) have no effect on the demand for Z.
• D) decrease the supply of Z.

---

Definitions:

High-Ranking Executives

Individuals at the top levels of an organization's hierarchy who are responsible for making major decisions and setting strategic directions.

Allotted Time

The specific amount of time designated or assigned for a particular task, event, or activity.

Ice-Breaker Games

Activities designed to warm up conversations among participants and promote social interaction, typically used at the beginning of meetings or workshops.

Audience Interest

The level of curiosity or attention a particular group of people shows toward a subject, topic, or piece of content.