Answer:
(b). <u>Increase</u> ;<u> Decrease</u>
Explanation:
When the price of a substitute good rises, then it becomes more profitable for suppliers to shift to the other good. Therefore the supply of given good decreases, and the supply curve shifts leftward.
For example, if you're a textile manufacturer who produces cotton and silk clothes if the price of silk rises you'll reduce cotton production to divert resources towards silk. Therefore the demand for cotton clothes reduces.
Due to the leftward shift of the supply curve, the equilibrium price increases and equilibrium quantity decreases.
So we can conclude that an increase in the price of a substitute good will cause the equilibrium price of its substitute to <u>increase</u> and the equilibrium quantity to <u>decrease.</u>
Hence, the option (b) is the correct option.
If they are encouraging and I feel like I want to be like them. If they are making me happy and help out others and make others happy. If they address bad situations and have a good personality
I Would say C. Never took business but it seems like the logical answer.
<h2> WHAT IS <em>MARGINAL </em><em>VALUE</em></h2>
- it is a consumer's value of the last unit of consumption. In the demand curve in the industry it is the value of good to the consumer who buys the product but what it only accepts is low value from consumption.
HOPE IT'S HELP
