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Suppose product Z is an input in the production of product X. Product X in turn is a substitute for product Y. A decrease in

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

Multiple Choice

  • decrease the demand for Y.
  • increase the demand for Y.
  • have no effect on the demand of product Y.
  • decrease the supply of Y.
  • increase the supply of Y.

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