Multiple Choice
If A is an inferior good and consumer income rises,the demand for A
A) increases,and the equilibrium price and the equilibrium quantity increase.
B) increases and the equilibrium price rises,but the equilibrium quantity decreases.
C) decreases,and the equilibrium price and the equilibrium quantity decrease.
D) decreases and the equilibrium price falls,but the equilibrium quantity increases.
E) decreases,the equilibrium price rises,and the equilibrium quantity decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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