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    Economics For Today Study Set 3
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    Exam 5: Price Elasticity of Demand and Supply
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    Exhibit 5-9 Supply and Demand Curves for Good X
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Exhibit 5-9 Supply and Demand Curves for Good X

Question 27

Question 27

Multiple Choice

Exhibit 5-9 Supply and demand curves for good X
​ Exhibit 5-9 Supply and demand curves for good X ​   -As shown in Exhibit 5-9, assuming good X is an inferior good, an increase in consumer income, other factors held constant, could move the equilibrium from point E to point: ​ A)  A. B)  B. C)  C. D)  D.
-As shown in Exhibit 5-9, assuming good X is an inferior good, an increase in consumer income, other factors held constant, could move the equilibrium from point E to point: ​


A) A.
B) B.
C) C.
D) D.

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