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If X and Y are substitutes, and if the marginal cost of producing X increases, then which of the following WILL occur? The quantity demanded

If X and Y are substitutes, and if the marginal cost of producing X increases, then which of the following WILL occur?

  1. The quantity demanded of X will decrease.
  2. The equilibrium price of Y will increase.
  3. The supply of X will increase.

Question options:

1.II only.

2.I and II only.

3.I, II and III.

4.I only.

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