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Assume that many businesses and newly built houses are using less insulation in the building process. Which of the following outcomes would you predict for
Assume that many businesses and newly built houses are using less insulation in the building process. Which of the following outcomes would you predict for the market for natural gas?
- A. The equilibrium price will increase and quantity will decrease
- B. The equilibrium price and quantity of oil will increase.
- C. The equilibrium price and quantity of oil will decrease.
- D. The equilibrium price will decrease and quantity will increase.
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