Multiple Choice
If the price of film increases at the same time the cost of camera production increases,what will happen to the equilibrium price and quantity in the camera market?
A) Price will increase,quantity will decrease
B) Price will increase,quantity will increase
C) Price will decrease,quantity will decrease
D) Price will decrease,quantity will increase
E) The new equilibrium price and quantity can not be determined
Correct Answer:
Verified
Correct Answer:
Verified
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