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How Does an Unusually Warm Winter Affect the Equilibrium Price

Question 444

Multiple Choice

How does an unusually warm winter affect the equilibrium price and quantity of gloves?


A) It raises the price and decreases the quantity.
B) It lowers the price and increases the quantity.
C) It raises both the price and the quantity.
D) It lowers both the price and the quantity.

Correct Answer:

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