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Figure 4-23 -Refer to Figure 4-23.In This Market for Sunscreen,there Is a Sunscreen,there

Question 132

Multiple Choice

Figure 4-23 Figure 4-23 -Refer to Figure 4-23.In this market for sunscreen,there is a decrease in the price of zinc oxide,an input into sunscreen,and more producers enter the market.The equilibrium price A) increases and the equilibrium quantity decreases. B) decreases and the equilibrium quantity increases. C) is ambiguous and the equilibrium quantity increases. D) decreases and the equilibrium quantity is ambiguous.
-Refer to Figure 4-23.In this market for sunscreen,there is a decrease in the price of zinc oxide,an input into sunscreen,and more producers enter the market.The equilibrium price


A) increases and the equilibrium quantity decreases.
B) decreases and the equilibrium quantity increases.
C) is ambiguous and the equilibrium quantity increases.
D) decreases and the equilibrium quantity is ambiguous.

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