A company consumes large quantities of gas when making steel. Gas supplies fall at the same time that the steel market is affected by a recession. What can be said about the likely changes in the market for steel?
- Aequilibrium price falls; equilibrium quantity uncertain
- Bequilibrium price rises; equilibrium quantity uncertain
- Cequilibrium price uncertain; equilibrium quantity falls
- Dequilibrium price uncertain; equilibrium quantity rises