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Budget cuts have led schools to eliminate music programs, decreasing the number of students who learn to play an instrument. Meanwhile, the horsehair needed to

Budget cuts have led schools to eliminate music programs, decreasing the number of students who learn to play an instrument. Meanwhile, the horsehair needed to manufacture violin bows has become scarce as well. What is the effect on the market for violin bows? Price and quantity decrease. Price increases, and quantity decreases. Price decreases, and the impact on quantity cannot be determined. Quantity decreases, and the impact on price cannot be determined

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