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Which of the Following Would Cause Both the Equilibrium Price

Question 33

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes (assume that potatoes are an inferior good) to decrease?


A) An increase in consumer income.
B) A freeze that sharply reduces potato output.
C) A decrease in consumer income.
D) A technological advancement that results in a bumper crop of potatoes.

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