Multiple Choice
Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts?
A) An increase in the price of wool shirts and a decrease in the price of raw cotton
B) A decrease in the price of wool shirts and a decrease in the price of raw cotton
C) An increase in the price of wool shirts and an increase in the price of raw cotton
D) A decrease in the price of wool shirts and an increase in the price of raw cotton
Correct Answer:
Verified
Correct Answer:
Verified
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