If the Price of Film Increases at the Same Time

question 6

Multiple Choice

If the price of film increases at the same time the cost of camera production increases,what will happen to the equilibrium price and quantity in the camera market?

• A)Price will increase,quantity will decrease
• B)Price will increase,quantity will increase
• C)Price will decrease,quantity will decrease
• D)Price will decrease,quantity will increase
• E)The new equilibrium price and quantity can not be determined

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