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Which of the Following Events Would Cause Both the Equilibrium

Question 159

Multiple Choice

Which of the following events would cause both the equilibrium price and equilibrium quantity of number two grade potatoes to increase if number two grade potatoes are an inferior good?


A) An increase in consumer income
B) A decrease in consumer income
C) Greater government restrictions on agricultural chemicals
D) Fewer government restrictions on agricultural chemicals

Correct Answer:

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