Question: A large factory opens up in a small town and employs a large percentage of the local population. What is the likely effect on the

A large factory opens up in a small town and employs a large percentage of the local population. What is the likely effect on the local restaurants?

a. Prices would fall, and quantity would fall.b. Prices would fall, and quantity would rise.c. Prices would rise, and quantity would fall.d. Prices would rise, and quantity would rise.

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