The newest Graeter’s plant can produce far more ice cream than is needed today. The company also makes ice cream cakes, pies, toppings, and other products at its original plant and at the plant formerly owned by a franchisee. What are the implications for Graeter’s strategy and for its operational planning?

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right