Business, 19.09.2021 20:10 sidemen10117
Two goods are substitutes when a decrease in the price of one good
a. increases the quantity demanded of the other good.
b. increases the demand for the other good.
c. decreases the demand for the other good.
d. decreases the quantity demanded of the other good.
Answers: 3
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In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
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Two goods are substitutes when a decrease in the price of one good
a. increases the quantity deman...
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