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IfA is an inferior good and consumer income rises, the demand forA increases, and the equilibrium price and the equilibrium quantity increase. increases and the
IfA
is an inferior good and consumer income rises, the demand forA
increases, and the equilibrium price and the equilibrium quantity increase.
increases and the equilibrium price rises, but the equilibrium quantity decreases.
decreases, and the equilibrium price and the equilibrium quantity decrease.
decreases, the equilibrium price rises, and the equilibrium quantity decreases.
decreases and the equilibrium price falls, but the equilibrium quantity increases.
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