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pychu [463]
2 years ago
12

Steel and aluminum are substitutes. If the price of steel increases, other things remaining the same, we would expect the price

of aluminum to __________ and the equilibrium quantity of aluminum to__________
For the 1st question, the options are increase, decrease, remain unchanged
For the 2nd question, the options are increase, decrease, remain unchanged
Business
1 answer:
prisoha [69]2 years ago
7 0

Answer:

increase

increase

Explanation:

Substitute goods are goods that can be used in place of another good.

If price of steel increases, demand for aluminium increases. this shifts its demand curve to the right. Equilibrium quantity and price increases as a aresult

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3 years ago
General Forge and Foundry Company has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; to
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Answer:

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