Question
Twelve years ago, 300,000 children in China were poisoned after drinking infant milk formula that contained melamine, a chemical used in plastic. Six babies were
"Twelve years ago, 300,000 children in China were poisoned after drinking infant milk formula that contained melamine, a chemical used in plastic. Six babies were killed by the toxic substance, which was used by 22 companies to artificially boost the protein levels that showed up in nutrition tests." Source: https://www.scmp.com/business/companies/article/3051808/foreign-brands-still-dominateparents-do-not-trust-chinas-home Ten years after China's infant milk tragedy, parents still will not trust their babies to local formula. As a result, many Chinese parents buy baby formula that is produced outside China. Which of the following accurately describes the likely effect of this on baby formula prices? a) An increase in the price of baby formula produced in China and a decrease in the price of baby formula produced outside China. b) A decrease in the price of baby formula produced in China and an increase in the price of baby formula produced outside China. c) A decrease in the price of both baby formula produced in China and baby formula produced outside China. d) An increase in the price of both baby formula produced in China and baby formula produced outside China.
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