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if macaroni and cheese is a inferior good what would happen to the equilibrium price if consumer income fell? A. both the equilibrium price and
if macaroni and cheese is a inferior good what would happen to the equilibrium price if consumer income fell?
A. both the equilibrium price and the equilibrium quantity would increase
B. the equilibrium price would increase and the equilibrium quantity would decrease
c. the equilibrium price would decrease and the equilibrium quantity increase
d. both the equilibrium price and equilibrium quantity would decrease
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