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If There Is a Decline in the Price of Milk

Question 172

Multiple Choice

If there is a decline in the price of milk, an input in the production of ice cream, then there will be a(n)


A) decrease in the supply of ice cream and a leftward shift of the supply curve.
B) decrease in the quantity of ice cream supplied and a movement up along the supply curve.
C) increase in the supply of ice cream and a rightward shift of the supply curve.
D) increase in the quantity of ice cream supplied and a movement down along the supply curve.

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