Consider the market for red jeans. If celebrities start to wear more and more red jeans, what will happen to the equilibrium price and quantity of them?
A) There will be a fall in both price and quantity.
B) There will be an increase in price and a fall in quantity.
C) There will be a fall in price and a rise in quantity.
D) There will be an increase in both price and quantity.
Correct Answer:
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