Multiple Choice
What would happen to the equilibrium price and quantity of shirts if the price of cotton decreases and all else is held constant?
A) The price falls and the quantity rises.
B) The price rises and the quantity falls.
C) The price falls and the quantity falls.
D) The price rises and the quantity rises.
E) The price falls and the quantity remains constant.
Correct Answer:
Verified
Correct Answer:
Verified
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