Goods X and Y are substitutes. If the price of good Y falls, the marginal revenue product of good X
A) will not change.
B) will shift out.
C) will become more inelastic.
D) will shift in.
D
Economics
You might also like to view...
In the short run, an increase in net exports causes
A. an increase in real GDP and the price level. B. an increase in real GDP and a decrease in the price level. C. adecrease in real GDP and an increase in the price level. D. a decrease in real GDP and the price level.
Economics
To state that national saving is equal to investment, for a closed economy, is to state an accounting identity
a. True b. False Indicate whether the statement is true or false
Economics