as the price of a tank top increases, the quantity of t - shirts that firms plan to sell decreases. what is…

as the price of a tank top increases, the quantity of t - shirts that firms plan to sell decreases. what is the relationship between tank tops and t - shirts? as the price of a tank top increases, the quantity of t - shirts that firms plan to sell decreases, so tank tops and t - shirts are \n\na. complements in production\n\nb. substitutes in production\n\nc. inferior goods\n\nd. normal goods

as the price of a tank top increases, the quantity of t - shirts that firms plan to sell decreases. what is the relationship between tank tops and t - shirts? as the price of a tank top increases, the quantity of t - shirts that firms plan to sell decreases, so tank tops and t - shirts are \n\na. complements in production\n\nb. substitutes in production\n\nc. inferior goods\n\nd. normal goods

Answer

Brief Explanations:

In production, when the price of one good (tank - tops) increases and the quantity of another good (T - shirts) firms plan to sell decreases, they are substitutes in production. Firms shift resources to produce more of the higher - priced good (tank tops) and less of the other. Complementary goods in production have a different relationship where an increase in production of one leads to an increase in the other. Inferior and normal goods are related to income changes, not this production relationship.

Answer:

B. substitutes in production