Refer to the scenario above. What is the price effect of the price change?

Which of the following is a transactions account?

a. Currency b. Travelers' checks c. A savings account d. A credit card balance e. A demand deposit

If the price of cotton increases

a. consumers will buy more cotton clothes. b. consumers will increase their purchases of clothing made of other materials. c. clothing producers will stop making cotton clothes. d. clothing producers will not be able to adjust their output.