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Shifting Supply
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Shifting Supply
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3. Supply and Demand / Shifting Supply / Problem 5
Problem 5
If the price of basketballs increases, what is the likely effect on the supply of volleyballs, assuming they are substitutes in production?
A
The supply of volleyballs remains unchanged.
B
The supply of volleyballs becomes more elastic.
C
The supply of volleyballs decreases.
D
The supply of volleyballs increases.
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