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A new machine is invented that is extremely efficient at creating staplers. At the same time, the price of paper clips increases.

What will happen to the equilibrium quantity and price of staplers?

A

The equilibrium price will increase and the equilibrium quantity will decrease.

B

The equilibrium price will stay the same and the equilibrium quantity will increase.

C

There will be an unknown change in equilibrium price and the equilibrium​ quantity will increase.

D

The equilibrium price will decrease and the equilibrium quantity will increase.

E

The equilibrium price will decrease and there will be an unknown change in the equilibrium quantity.

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