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3. 'Which of the following would most likely cause both the equilibrium price and equilibrium quantity of cookies to increase [assume cookies are a normal

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3. 'Which of the following would most likely cause both the equilibrium price and equilibrium quantity of cookies to increase [assume cookies are a normal good) : a) A drop in consumer incomes b) A rise in the price of dough {an ingredient used to make cookies) c) A rise in the price of milk (where milk and cookies are complementary goods) d) A rise in the price of crackers {where crackers and cookies are substitute goods IL Written Question {2 points) For question #3 above= pick any two [2} incorrect answers and use supply and demand graphical analysis to demonstrate why they are incorrect. {Briey explain your graphical analysisfreasoning in words}

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