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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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