Suppose product X Is an Input in the production of product Y. Product Y in turn is a substitute for product Z. An Increase in the price of X can be expected to Multiple Cholce Increase the demand for Z. decrease the demand for Z. have no effect on the demand for product Z. decrease the supply of Z. Increase the supply of Z.

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A: Equilibrium price is determined where there is no excess supply or demand.

Q: supply creates its own demand.

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Q: Suppose product Y is an input in the production of product Z. Product Z in turn is a substitute for…

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Q: Suppose product Y Is an Input In the production of product Z. Product Z In turn Is a substitute for…

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Q: Suppose product Y is an input in the production of product Z. Product Z in turn is a substitute for…

A: It has been provided that Y is input for Z Z is substitute for X.

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Q: price elasticity

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