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How Does an Unusually Warm Winter Affect the Equilibrium Price

Question 433

Multiple Choice

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


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

Correct Answer:

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