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MMLU / Suppose that aluminum is a key production input in the production of bicycles.…

Problem

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question

Suppose that aluminum is a key production input in the production of bicycles. If the price of aluminum falls, and all other variables are held constant, we expect

choices

  1. the demand for aluminum to rise.
  2. the supply of bicycles to rise.
  3. the supply of bicycles to fall.
  4. the demand for bicycles to rise.

subject

high_school_microeconomics

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