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cl Assume the aggregate demand for a good follows the law of demand lie. 1% -=: (ii. In addition, assume that the inyerse aggregate supply
cl Assume the aggregate demand for a good follows the law of demand lie. 1% -=: (ii. In addition, assume that the inyerse aggregate supply curve for the good is upward sloping. Suppose the equilibrium price of the good fell but the equilibrium quantity remained unchanged {i.e. the equilibrium moves from Point A to Point E in the figure belowl. 1I.l'|.I'hich combination of changes could explain this movement in the equilibrium? Select only ONE of the options - make sure you clearly circle your selection (a, b, c, or d]. P at Supply decreased and the good is a normal good and consumers' incomes decreased b} Supply increased and the good is a normal good and consumers' incomes decreased cl Supply decreased and the good is an inferior good and consumers' incomes decreased d} Supply increased and the good is an inferior good and consumers' incomes decreased
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