Suppose That the Price of Flour Used to Produce Bagels

question 17

Multiple Choice

Suppose that the price of flour used to produce bagels increases.Hence the equilibrium price of a bagel ________,and the equilibrium quantity ________.

• A) rises; increases
• B) rises; decreases
• C) falls; increases
• D) falls; decreases
• E) does not change; does not change

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