-Refer to the Figure Above

question 61

Multiple Choice

-Refer to the figure above. If Good Z is a normal good and consumers' incomes decrease at the same time as the number of suppliers of Good Z decreases and the shift in supply is greater than the shift in demand, the equilibrium price will be _________ than $100 and the equilibrium quantity will be ________than 100.

• A)greater; greater
• B)greater; less
• C)less; greater
• D)less; less

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