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Assume There Is a Decrease in the Demand for Soda

Question 27

Multiple Choice

Assume there is a decrease in the demand for soda, some of which comes in aluminum cans. In the market for bauxite, the main mineral source of aluminum, the equilibrium price would _____ and the equilibrium quantity would _____.


A) rise; fall
B) fall; fall
C) rise; rise
D) fall; rise

Correct Answer:

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