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What would happen in the market for washing machines if the price of steel were to increase? the price of washing machines would fall and

What would happen in the market for washing machines if the price of steel were to increase?


the price of washing machines would fall and more washing machines would be bought and sold in the market.
the price of washing machines would fall and fewer washing machines would be bought and sold in the market.
the price of washing machines would rise and fewer washing machines would be bought and sold in the market.
the price of washing machines would rise and more washing machines would be bought and sold in the market.

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