Which of the following would cause both the equilibrium price and equilibrium quantity of number two grade potatoes (an inferior good) to increase? a.) an increase in consumer income   b.) a decrease in consumer income

Principles of Microeconomics
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ISBN:9781305156050
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Chapter4: The Market Forces Of Supply And Demand
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Which of the following would cause both the equilibrium price and equilibrium quantity of number two grade potatoes (an inferior good) to increase?

a.) an increase in consumer income   b.) a decrease in consumer income

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