If resource A and resource B are substitutes of each other and the price of resource A increases, then:
a. the price elasticity of demand for resource B will increase.
b. the demand for resource A will increase.
c. the demand for resource B will increase.
d. the price elasticity of demand for resource B will decrease.
e. the demand for resource B will decrease.
c
Economics
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Intermediate goods are not counted as part of gross domestic product
Indicate whether the statement is true or false
Economics
Both Keynesians and supply-siders believe that tax cuts
a. will increase income by increasing aggregate supply. b. will increase income by increasing aggregate demand. c. will increase income but for different reasons. d. will increase income in the Keynesian model but decrease income in the Supply-side model.
Economics