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Consider Good Z and suppose: price elasticity of demand for Good Z = 0 . 8 1 4 2 price elasticity of supply for

Consider "Good Z" and suppose:
price elasticity of demand for Good Z=0.8142
price elasticity of supply for Good Z=1.3689
income elasticity of demand for Good Z=0.5841
cross price elasticity of demand for Good Z with respect to the price of Good Y=-0.3248
If the income of consumers of "Good Z" were to increase, then in the market for "Good Z"
A. equilibrium price and equilibrium quantity would both increase.
B. equilibrium price and equilibrium quantity would both decrease.
C. equilibrium price would increase and equilibrium quantity would decrease.
D. equilibrium price would decrease and equilibrium quantity would increase.
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