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Will the equilibrium price and quantity of organic apples increase or decrease if the income decreases? Select one: a. There will be an increase in
Will the equilibrium price and quantity of organic apples increase or decrease if the income decreases?
Select one:
a. There will be an increase in both quantity and price of organic apples at equilibrium.
b. There will be a decrease in quantity and an increase in the price of organic apples at equilibrium.
c. There will be an increase in quantity and decrease in the price of organic apples at equilibrium.
d. There will be a decrease in both quantity and price of organic apples at equilibrium.
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