Multiple Choice
If an increase in leather prices caused a decrease in the supply of baseball gloves, ________.
A) the price of baseballs increased, and the demand for baseballs decreased
B) the equilibrium quantity of baseballs increased
C) the price of baseballs increased, and the quantity demanded of baseballs decreased
D) the price of baseballs increased; the higher price caused the supply of baseballs to increase
Correct Answer:
Verified
Correct Answer:
Verified
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