According to the Supply and Demand Model,when the Cotton Gin

question 19

Multiple Choice

According to the supply and demand model,when the cotton gin was invented,if all else was held constant,we would expect the equilibrium price of cotton to ________ and the equilibrium quantity of cotton to ________.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease
• E) remain the same; increase

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