Question: Based on the Supply and Demand model, what is the impact of an increase in the price of Purina dog food on the market for

Based on the Supply and Demand model, what is the impact of an increase in the price of Purina dog food on the market for Iams, one of its competitors? Group of answer choices

Price will increase but sales will decrease

Price will decrease but sales will increase

Price and sales will both decrease

Price and sales will both increase

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