Multiple Choice
If the price and quantity for an inferior good,Good X,is $8 and 6 units at the original equilibrium,what is one possibility for the new equilibrium of Good X if we see income increase and all other factors stay constant?
A) $10 and 4 units
B) $10 and 8 units
C) $6 and 4 units
D) $6 and 8 units
E) $10 and 2 units
Correct Answer:
Verified
Correct Answer:
Verified
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