Question 4 1 pts What would happen to the price and quantity sold of copper if...

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Question 4 1 pts What would happen to the price and quantity sold of copper if several huge copper reserves were suddenly discovered, but at the same time the demand for copper fell (e.g. changes in technology meant that it was no longer needed as an input for various goods)? Price definitely decreases but change in quantity is ambiguous O Price definitely increases but change in quantity is ambiguous O Quantity definitely decreases but change in price is ambiguous O Quantity definitely increases but change in price is ambiguous Question 4 1 pts What would happen to the price and quantity sold of copper if several huge copper reserves were suddenly discovered, but at the same time the demand for copper fell (e.g. changes in technology meant that it was no longer needed as an input for various goods)? Price definitely decreases but change in quantity is ambiguous O Price definitely increases but change in quantity is ambiguous O Quantity definitely decreases but change in price is ambiguous O Quantity definitely increases but change in price is ambiguous

Answer rating: 100% (QA)

If several huge copper reserves were suddenly discovered while ... View the full answer