Multiple Choice
Assume that the market for baseballs is in equilibrium.There is a sudden decrease in income throughout the economy.If all else is held constant,we would expect that if baseballs are a(n) ________ good,then the demand curve will shift to the ________,causing the equilibrium price and quantity to ________.
A) inferior; left; fall
B) normal; right; rise
C) inferior; right; fall
D) normal; left; fall
E) normal; left; rise
Correct Answer:
Verified
Correct Answer:
Verified
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