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Which an increase in the price of z can be expected to

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Problem 1: Suppose product Z is an input in the production of product X. Product X in turn is a substitute for product Y. An increase in the price of Z can be expected to

Multiple Choice

Option 1: increase the demand for Y.
Option 2: decrease the demand for Y.
Option 3: have no effect on the demand for product Y.
Option 4: decrease the supply of Y.
Option 5: increase the supply of Y.

Reference no: EM132976775

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