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Refer to Scenario below. If at the same time of the mustard recall, consumer income also decreased. Then, ceteris paribus, in the market for mustard
Refer to Scenario below. If at the same time of the mustard recall, consumer income also decreased. Then, ceteris paribus, in the market for mustard this would have caused Question 14 options: a) both the equilibrium price and quantity to decrease. b) the equilibrium price to increase and the equilibrium quantity to decrease. c) the equilibrium price to either increase, decrease, or remain the same and the equilibrium quantity to decrease. d) the equilibrium quantity could have increased, decreased, or remained the same and the equilibrium price to decrease
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