In recent years the consumption of cobalt, which is used in the manufacture of batteries for electric automobiles, has risen but the price of cobalt has fallen. This is because the supply of cobalt has ______ and the demand for cobalt has____   B) decreased: also decreased O C increased; decreased A) decreased increased O D) increased: also increased

Essentials of Economics (MindTap Course List)
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Chapter4: The Market Forces Of Supply And Demand
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In recent years the consumption of cobalt, which is used in the manufacture of batteries for electric automobiles, has risen but the price of cobalt has fallen. This is because the supply of cobalt has ______ and the demand for cobalt has____

 

B) decreased: also decreased

O C increased; decreased

A) decreased increased

O D) increased: also increased

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