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Rice straws are a by-product of rice production and are used as fertilizers. The price of rice has decreased. What would be the effect of

Rice straws are a by-product of rice production and are used as fertilizers. The price of rice has decreased. What would be the effect of the decrease in the price of rice on the equilibrium price and quantity of rice straws? Group of answer choices decrease in equilibrium price and increase in equilibrium quantity increase in equilibrium price and decrease in equilibrium quantity decrease in equilibrium price and decrease in equilibrium quantity increase in equilibrium price and increase in equilibrium quantity

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