Multiple Choice
A "puppy boom" and an increase in the price of horse meat would cause the market price of dog food to
A) rise, fall, or remain unchanged depending on the magnitude of the changes, and the market output to rise.
B) rise and the market output to rise, fall, or remain unchanged depending on the magnitude of the changes.
C) rise and the market output to rise .
D) fall and the market output to rise, fall, or remain unchanged depending on the magnitude of the changes.
E) none of the above
Correct Answer:
Verified
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