If the price of milk goes down, the supply curve for ice-cream would shift to the due to the cost of production.

left

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right

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increased

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decreased

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Solution

The correct options are
B right
D decreased
Milk is used in the production of ice-cream. If the price of milk goes down, the supply curve for ice-cream shifts to the right due to decreased cost of production. This is because more quantity can supplied owing to a greater profit margin.

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