Which of the following will occur if the price of steel decreases as a result of the

Chapter 0, Problem 4

(choose chapter or problem)

Which of the following will occur if the price of steel decreases as a result of the discovery of new deposits of iron ore used to make steel? a. Aggregate demand will increase. b. Aggregate demand will decrease. c. There will be no change in aggregate demand or supply. d. Aggregate supply will increase. e. Aggregate supply will decrease.

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