Question

The price of turkey meat decreases. What will happen to the equilibrium price (P*) and equilibrium...

The price of turkey meat decreases. What will happen to the equilibrium price (P*) and equilibrium quantity (Q*) of turkey sandwiches?

Group of answer choices

P* will increase and Q* will decrease.

P* will increase and Q* will increase.

P* will decrease and Q* will decrease.

P* will decrease and Q* will increase.

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