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10 May, 03:16

What should happen to the equilibrium price of whoopee cushions when the price of the rubber necessary to make the cushions declines?

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  1. 10 May, 06:57
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    Answer: B) The equilibrium price will fall.

    Explanation: When production costs are reduced (as when the costs of materials decrease), suppliers are willing to produce more or sell at a lower price. This will cause the equilibrium price to fall.
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