Chairs and tables are substitutes in production, therefore, if the price of chairs decreases, then a. we can predict tha

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Chairs and tables are substitutes in production, therefore, if the price of chairs decreases, then a. we can predict tha

Post by answerhappygod »

Chairs and tables are substitutes in production, therefore, if
the price of chairs decreases, then
a.
we can predict that there will be no effect on the price of
tables.
b.
we cannot predict what will happen to the price of tables.
c.
we can predict that the price of tables will decrease.
d.
we can predict that the price of tables will increase.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply