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Consumer incomes rise. At the same time, a new production technology significantly increases efficiency. What will happen to equilibrium price and quantity? Question 29 options:

Consumer incomes rise. At the same time, a new production technology significantly increases efficiency. What will happen to equilibrium price and quantity? Question 29 options: Both price and quantity will increase. Both price and quantity will decrease. Price will rise, but we cannot predict what will happen to quantity. Quantity will rise, but we cannot predict what will happen to price

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