Goods x and y are perfect substitutes. when the market price of good x is $5/unit, firm f produces 500 units of x. when the price of y rises, 100 consumers of y shift to the consumption of good x. this causes industry analysts to think that firm f will increase quantity supplied of x to match this increased demand. this conclusion is flawed becausea. it assumes that firm f does not export good x.
b. it assumes that the price of x will not increase in the near future.
c. it assumes that firm f does not export good x.
d. it assumes that firm f is the only producer of good x.
e. it assumes that the supply curve of x will shift to the right in response to the increased demand.