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April 26, 2015

Homework Help: Economics

Posted by Rod on Thursday, March 19, 2009 at 1:47am.

Which of the following events would unambigously cause a decrease in the equilibrium price of cotton shirts?

a. an increase in the price of wool shirts and a decrease in the price of raw cotton
b. a decrease in the price of wool shirts and a decrease in the price of raw cotton.
c. an increase in the price of wool shirts and in increase in the price of raw cotton.
d. a decrease in the price of wool shirts and an increase in the price of raw cotton.

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