Suppose the supply of soy beans increases while the demand for soy beans decreases. This will cause:
A) an increase in the equilibrium price, but the effect on quantity exchanged cannot be determined.
B) a decrease in equilibrium quantity exchanged, but the effect on price cannot be determined.
C) a decrease in equilibrium price, but the effect on quantity exchanged cannot be determined.
D) an increase in equilibrium quantity exchanged, but the effect on price cannot be determined.
Correct Answer:
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