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Suppose that there is an increase in consumer income and the market shown above is for a normal good. Instructions: Use the interactive above to

Suppose that there is an increase in consumer income and the market shown above is for a normal good.

Instructions:Use the interactive above to model this shock.

What is the net effect onequilibrium price? (Click to select) Increase Stays the same Decrease What is the net effect on equilibrium quantity? (Click to select) Decrease Stays the same Increase

09-09-2016, dar

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