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Business, 01.03.2021 21:30 glowbaby123

Assume milk is used to produce ice cream. Ceteris paribus, a decrease in the price of milk will cause the equilibrium price of ice cream to:.a. Decrease and the equilibrium quantity of ice cream to increase. b. Increase and the equilibrium quantity of ice cream to increase. c. Decrease and the equilibrium quantity of ice cream to decrease. d. Increase and the equilibrium quantity of ice cream to decrease.

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