If in the short-run commodity X and commodity Y are supplied jointly, which of t...
QuestionIf in the short-run commodity X and commodity Y are supplied jointly, which of the following is correct?
An increase in demand for X will increase the supply of Y
An increase in demand for X will shift the supply of Y
An increase in demand for Y will raise the price of X
An increase in demand for X will cause less of Y to be produced
A probable tax on Y will cause more of X to be supplied
The correct answer is A.
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