If the equilibrium price of lychee fruit has fallen while the equilibrium quantity has risen, which factor may have caused it?
A) a severe drought that caused many sellers to leave the market
B) an increase in the price of rambutan fruit, a substitute for lychee fruit
C) a reduction in the price of related commodities using the same type of land for production
D) a rise in popularity in the consumption of lychee fruit
Correct Answer:
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