Which is the most likely effect upon the market for cotton of a significant improvement in the quality of synthetic textiles?

A) A decrease in demand and hence a decrease in both the price of cotton and the quantity exchanged.
B) A decrease in demand and hence a decrease in the price of cotton and an increase in the quantity exchanged.
C) A decrease in demand and hence an increase in the price of cotton and a decrease in the quantity exchanged.
D) A decrease in both demand and supply and hence a decline in the quantity exchanged but no predictable change in the price of cotton.


A

Economics

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