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Which of the Following Events Would Unambiguously Cause an Increase

Question 46

Multiple Choice

Which of the following events would unambiguously cause an increase in the equilibrium price of cotton shirts?


A) an increase in the price of wool shirts and a decrease in the price of raw cotton
B) a decrease in the price of wool shirts and a decrease in the price of raw cotton
C) an increase in the price of wool shirts and an increase in the price of raw cotton
D) a decrease in the price of wool shirts and an increase in the price of raw cotton

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