Multiple Choice
Velcro is becoming more and more popular for a variety of uses, including as fasteners for shoes. What should happen to the equilibrium price and quantity for shoelaces as a result?
A) Both price and quantity will increase.
B) Both price and quantity will decrease.
C) Price will increase and quantity decrease.
D) Price will decrease and quantity increase.
E) Nothing.
Correct Answer:
Verified
Correct Answer:
Verified
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