Tin is needed to make guitar strings. The price of tin decreases, ceteris paribus (all other things constant), what is the likely result?
1. Demand for sliver will increase
2. The supply of guitars will increase
3. The quantity demanded for quitars will decrease
4. The supply of guitars will decrease
Answers: 3
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Tin is needed to make guitar strings. The price of tin decreases, ceteris paribus (all other things...
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