Business, 27.11.2019 22:31 jessica2138
Resource x is necessary to the production of good y. if the price of resource x rises, the curve for good y will shift resulting in a(n) in the equilibrium price of y and a(n) in the equilibrium quantity of y.
a. supply; rightward; decrease; increase.
b. demand; leftward; decrease; decrease
c. demand; rightward; increase; increase
d. supply; leftward; increase; decrease
e. supply; leftward; increase; increase
Answers: 1
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Resource x is necessary to the production of good y. if the price of resource x rises, the curve fo...
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