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Which of the Following Would Cause Both the Equilibrium Price

Question 263

Multiple Choice

Which of the following would cause both the equilibrium price and equilibrium quantity of ramen to increase? Assume that ramen is an inferior good.


A) an increase in consumer income
B) a strike that sharply reduces ramen output
C) a decrease in consumer income
D) a diet that encourages people not to eat noodles.

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