Multiple Choice
Which of the following would cause a decrease in the supply of milk?
A) An increase in the price of cookies (assuming that milk and cookies are complements) .
B) A decrease in the price of milk.
C) An increase in the price of a product that producers sell instead of milk.
D) An increase in the number of firms that produce milk.
Correct Answer:
Verified
Correct Answer:
Verified
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