If the producers of cotton shirts face higher cotton prices,which of the following is likely to occur?
A) The supply of cotton shirts decreases,the equilibrium price of cotton shirts rises,and the equilibrium quantity falls.
B) The supply of cotton shirts decreases,the equilibrium price of cotton shirts rises,and the equilibrium quantity rises.
C) The supply of cotton shirts increases,the equilibrium price of cotton shirts rises,and the equilibrium quantity falls.
D) The supply of cotton shirts increases,the equilibrium price of cotton shirts falls,and the equilibrium quantity rises.
Correct Answer:
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