Multiple Choice
A headline reads "Soccer is the new popular sport among youth." In a competitive market, this situation would lead to a(n) :
A) increase in the price of soccer shoes and quantity sold.
B) decrease in the price of soccer shoes and quantity sold.
C) increase in the price of soccer shoes and decrease in quantity sold.
D) decrease in the price of soccer shoes and increase in quantity sold.
Correct Answer:
Verified
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